Is Belocal subject to a currently effective injunctive or restrictive order relating to any other business activity as a result of an action brought by a public agency or department, including, without limitation, actions affecting a license as a real estate broker or sales agent?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
- D. No such party is subject to a currently effective injunctive or restrictive order or decree relating to the franchise or under a Federal, State, or Canadian franchise, securities, antitrust, trade regulation, or trade practice law resulting from a concluded or pending action or proceeding brought by a public agency; or is subject to any currently effective order of any national securities association or national securities exchange, as defined in the Securities and Exchange Act of 1934, suspending or expelling such person from membership in such association or exchange; or is subject to a currently effective injunctive or restrictive order relating to any other business activity as a result of an action brought by a public agency or department, including, without limitation, actions affecting a license as a real estate broker or sales agent.
Source: Item 22 — CONTRACTS (FDD page 71)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, Belocal is not subject to any current injunctive or restrictive orders related to other business activities resulting from actions by a public agency or department. This includes actions that could affect a license as a real estate broker or sales agent. This means that Belocal has not faced legal restrictions or injunctions from public agencies that would limit its business operations or affect licenses related to real estate activities.
This absence of such orders suggests a clean legal and regulatory record for Belocal regarding these specific types of actions. Prospective franchisees can take this as a positive sign, indicating that Belocal has not been subject to disciplinary actions or legal constraints by public agencies that could impact its business activities or licensing status.
It is important for potential franchisees to understand that this statement applies specifically to injunctive or restrictive orders related to other business activities and actions by public agencies. While this provides some assurance, franchisees should still conduct their own due diligence to assess Belocal's overall legal and regulatory compliance history.