What is the Developer required to continue compliance with during the term of the Beyond Juicery Eatery agreement?
Beyond_Juicery_Eatery Franchise · 2025 FDDAnswer from 2025 FDD Document
(5) Developer shall take all reasonable measures to continue compliance with all OFAC Laws and Regulations during the Term of this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 60–337)
What This Means (2025 FDD)
According to the 2025 Beyond Juicery Eatery FDD, the Developer must take all reasonable measures to continue compliance with all OFAC (Office of Foreign Assets Control) Laws and Regulations during the term of the agreement.
This means that the Developer is responsible for ensuring that they are not conducting business with individuals or entities that are subject to U.S. government sanctions or embargoes. OFAC laws and regulations are designed to prevent illegal activities such as money laundering, terrorism financing, and drug trafficking.
For a prospective Beyond Juicery Eatery franchisee, this requirement highlights the importance of due diligence and adherence to legal and regulatory standards. Failing to comply with OFAC regulations can result in significant penalties, including fines and legal action. Therefore, it is crucial for the franchisee to establish and maintain robust compliance procedures throughout the term of the agreement.