Within how many days after termination or nonrenewal of my Bonchon franchise must I cancel any assumed name registrations containing 'Bonchon'?

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Accepted Answer

| Decidal | Section in Franchise | 2 | |-------------------------------------------------------|-------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | Provision | Agreement* | Summary franchise agreement, area development agreement, lease or promissory note. (Subject to state law.) | | i. Your obligations on | Article 18 |

a. Pay all money owing to us or our affiliates, and third parties.
b. Stop using our Proprietary Marks, Confidential Information, trade secrets and Manuals.
c. Cancel assumed name or equivalent registration which contains

"Bonchon", or any other Proprietary Marks of ours, or any variant, within 15 days.
d. If we terminate the Franchise Agreement for your default or you terminate through failure to make payment following notice to cure (see

section d. above), pay us all expenses and damages incurred as a result of your default or termination. Damages may include, for example, lost profits, lost opportunities, damage to our Proprietary Marks and reputation, travel and personnel costs and the cost of securing a new Business at or proximate to the Restaurant Location. e. Immediately deliver to us all confidential information,manuals, computer software and database material, customer lists, records and files, documents, instructions, forms, advertising and promotional material, and all materiasl, signs and related items which bear our Proprietary Marks, or slogans or insignias or designs. f. Immediately sign agreements necessary for termination. g. Stop using the telephone numbers listed in directories under the name "Bonchon" or any confusingly similar name. h. Strictly comply with the post-termination/post-expiration covenants not to compete. i. Continue to abide by restrictions on the use of our Confidential Information, trade secrets and know-how.

j. Immediately refrain from engaging in any contacts with customers, suppliers, employees and all vendors of the Bonchon Business.
k. Immediately surrender to us all computer software, data storage

disks or tapes and other electronic media used in the operation of the franchised Business, printouts, and other information pertaining to computer operations, codes, procedures and programming. I. If we request, assign us your interest in the Restaurant Lease and vacate promptly. m. In 15 days, arrange with us for an inventory of personal property, fixtures, equipment, inventory and supplies. We have option for 30 days to buy these at fair market value. n. If we choose not to take over the Restaurant, redecorate and remodel it to deidentify it. If we terminate for cause, we can take possession of the Business. If you dispute the termination, then we can operate the Business until the final court determination. If the court decides the termination was not valid, we must make a complete accounting for the period when we operated the Business. (Subject to state law.) | | j. Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION THE FRANCHISE RELATIONSHIP (FDD pages 71–81)

Within how many days after termination or nonrenewal of my Bonchon franchise must I cancel any assumed name registrations containing 'Bonchon'?

Answer from 2025 FDD Document

What This Means (2025 FDD)

Decidal	Section in Franchise	2
Provision	Agreement*	Summary franchise agreement, area development agreement, lease or promissory note. (Subject to state law.)
i. Your obligations on	Article 18	a. Pay all money owing to us or our affiliates, and third parties. b. Stop using our Proprietary Marks, Confidential Information, trade secrets and Manuals. c. Cancel assumed name or equivalent registration which contains
termination /
nonrenewal		"Bonchon", or any other Proprietary Marks of ours, or any variant, within 15 days. d. If we terminate the Franchise Agreement for your default or you terminate through failure to make payment following notice to cure (see section d. above), pay us all expenses and damages incurred as a result of your default or termination. Damages may include, for example, lost profits, lost opportunities, damage to our Proprietary Marks and reputation, travel and personnel costs and the cost of securing a new Business at or proximate to the Restaurant Location. \ne. Immediately deliver to us all confidential information,manuals, computer software and database material, customer lists, records and files, documents, instructions, forms, advertising and promotional material, and all materiasl, signs and related items which bear our Proprietary Marks, or slogans or insignias or designs. f. Immediately sign agreements necessary for termination. g. Stop using the telephone numbers listed in directories under the name "Bonchon" or any confusingly similar name. h. Strictly comply with the post-termination/post-expiration covenants not to compete. i. Continue to abide by restrictions on the use of our Confidential Information, trade secrets and know-how. j. Immediately refrain from engaging in any contacts with customers, suppliers, employees and all vendors of the Bonchon Business. k. Immediately surrender to us all computer software, data storage disks or tapes and other electronic media used in the operation of the franchised Business, printouts, and other information pertaining to computer operations, codes, procedures and programming. I. If we request, assign us your interest in the Restaurant Lease and vacate promptly. m. In 15 days, arrange with us for an inventory of personal property, fixtures, equipment, inventory and supplies. We have option for 30 days to buy these at fair market value. n. If we choose not to take over the Restaurant, redecorate and remodel it to deidentify it. If we terminate for cause, we can take possession of the Business. If you dispute the termination, then we can operate the Business until the final court determination. If the court decides the termination was not valid, we must make a complete accounting for the period when we operated the Business. (Subject to state law.)
j.