In the Virginia Addendum to the Area Development Agreement for Bonchon, what formats of signatures are considered to have the same force and effect as originals?

According to Bonchon's 2025 Franchise Disclosure Document, the Virginia Addendum to the Area Development Agreement specifies that signatures via DocuSign, .PDF file, facsimile, or other electronic format are considered to have the same legal validity as original signatures. This provision ensures that the Area Development Agreement can be executed efficiently using modern electronic methods.

This clause simplifies the signing process for Bonchon area developers in Virginia, allowing for quicker agreement finalization through digital means. It eliminates the need for physical signatures and mailing, which can save time and resources. The acceptance of various electronic signature formats provides flexibility and convenience for both Bonchon and its area developers.

It is important to note that this provision applies specifically to the Virginia Addendum to the Area Development Agreement. While other state addenda may contain similar clauses, the Virginia addendum explicitly recognizes the validity of DocuSign, .PDF, facsimile, and other electronic signatures. This ensures compliance with Virginia state law regarding electronic signatures and contract execution.