What is the Bananas Smoothies Frozen Yogurt developer's obligation regarding the USA PATRIOT Act?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
Developer agrees to comply with, and/or assist Franchisor to the fullest extent possible in Franchisor's efforts to comply with, Executive Order 13224 issued by the President of the United States, the USA PATRIOT Act, and all other present and future federal, state and local laws, ordinances, regulations, policies, lists and any other requirements of any governmental authority addressing or in any
way relating to terrorist acts and acts of war (the "Anti-Terrorism Laws"). In connection with such compliance you certify, represent and warrant that none of your property or interests is subject to being "blocked" under any of the Anti-Terrorism Laws and that Developer is not otherwise in violation of any of the Anti-Terrorism Laws. Any violation of the Anti-Terrorism Laws by Developer or Developer's employees or any "blocking" of Developer's assets under the Anti-Terrorism Laws constitute grounds for immediate termination of this Agreement and any other agreements Developer has entered into with Franchisor or any of our affiliates.
Source: Item 23 — RECEIPT (FDD pages 58–231)
What This Means (2025 FDD)
According to the 2025 Bananas Smoothies Frozen Yogurt FDD, the developer must comply with anti-terrorism laws. Specifically, the developer is obligated to comply with Executive Order 13224, the USA PATRIOT Act, and all other federal, state, and local laws, ordinances, regulations, policies, and lists related to terrorist acts and acts of war. This includes assisting Bananas Smoothies Frozen Yogurt in its compliance efforts to the fullest extent possible.
The developer also certifies, represents, and warrants that none of their property or interests is subject to being "blocked" under any of the Anti-Terrorism Laws and that the Developer is not otherwise in violation of any of the Anti-Terrorism Laws.
Any violation of these anti-terrorism laws by the developer or their employees, or any "blocking" of the developer's assets under these laws, constitutes grounds for immediate termination of the Area Development Agreement and any other agreements the developer has with Bananas Smoothies Frozen Yogurt or its affiliates. This clause emphasizes the importance Bananas Smoothies Frozen Yogurt places on compliance with anti-terrorism regulations and the serious consequences for failing to comply.