Within how many business days will Bonchon approve or disapprove the lease or purchase agreement for the Restaurant Location?

According to Bonchon's 2025 Franchise Disclosure Document, Bonchon will either approve or disapprove the lease or purchase agreement for the Restaurant Location within 20 business days of receiving it. However, if Bonchon does not communicate its approval or disapproval within that 20-business-day timeframe, the agreement is automatically considered disapproved.

This means a prospective Bonchon franchisee needs to submit the lease or purchase agreement promptly and follow up to ensure Bonchon reviews it within the specified period. The automatic disapproval clause puts the onus on the franchisee to manage the approval process actively. If the franchisee doesn't receive a response within 20 business days, they must treat the agreement as rejected and take appropriate action, such as seeking an alternative location or renegotiating terms.

This requirement is fairly standard in the franchise industry, as franchisors typically want to ensure the location meets their criteria for success. The 20-day window provides a defined timeframe for Bonchon to assess the suitability of the proposed location. The automatic disapproval clause incentivizes Bonchon to review agreements promptly, but also requires the franchisee to stay engaged in the process to avoid unintentional disapproval.