What representation does the Aplus developer make regarding their property and any connection to 'Blocked Persons' as defined by Executive Order 13224?

According to Aplus's 2024 Franchise Disclosure Document, as part of the Development Agreement, the developer must make certain representations regarding their property and any connections to individuals or entities designated as 'Blocked Persons' under Executive Order 13224. Specifically, the developer represents that neither their property, nor any interest in their property, nor the property of any of their owners, officers, directors, managers, partners, agents, or employees, or their respective interests therein, have been blocked pursuant to Executive Order 13224, which pertains to persons who commit, threaten to commit, or support terrorism.

Furthermore, the developer represents and warrants to Aplus that they will not accept money from or employ any Blocked Person. This is a critical assurance for Aplus, as dealing with blocked persons could expose the franchise to significant legal and financial risks, including potential fines and reputational damage.

This provision ensures that Aplus is protected from potential legal and financial repercussions associated with doing business with individuals or entities linked to terrorism. Prospective Aplus developers should understand the importance of complying with this representation and conducting thorough due diligence to ensure they are not in violation of Executive Order 13224.