What do franchisees of Bigfoot Forestry represent regarding their compliance with Anti-Terrorism Law?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
**23.3.
Anti-Terrorism Compliance.** You and the Owners jointly and severally represent and warrant to us that, to the best of your and their knowledge: (a) no property or interest owned by you or any Owner is subject to being "blocked" under any Anti-Terrorism Law; (b) neither you nor any Owner, nor any of their respective funding sources (including any legal or beneficial owner of an Equity Interest in the Business or Franchisee Entity) or related parties is, or has ever been: (i) a terrorist or suspected terrorist within the meaning of the Anti-Terrorism Law; or (ii) identified by name, alias, pseudonym, nickname or address on any Terrorist List, including the list of "Specially Designated Nationals" or "Blocked Persons" maintained by the U.S.
Treasury Department's Office of Foreign Assets Control (texts currently available at www.home.treasury.gov); and (c) you and the Owners are in compliance with, and shall continue to comply with, the Anti-Terrorism Law and all other U.S.
Laws currently in effect, or enacted in the future, that prohibit corrupt business practices, money laundering or the aid or support of Persons who conspire to commit acts of terror against any Person or government.
The foregoing representations and warranties are 'continuing' representations and warranties for the duration of the franchise relationship.
Accordingly, you must immediately notify us of the occurrence of an event or development of a circumstance that might render any of the foregoing representations and warranties false, inaccurate or misleading.
Source: Item 23 — RECEIPT (FDD pages 42–162)
What This Means (2025 FDD)
According to the 2025 Bigfoot Forestry FDD, franchisees and their owners must jointly and severally represent and warrant their compliance with Anti-Terrorism Laws. This means that each individual owner is responsible for ensuring that they, their business, and their funding sources are not in violation of any anti-terrorism regulations.
Specifically, franchisees must represent that no property or interest they own is subject to being "blocked" under any Anti-Terrorism Law. They also must confirm that neither they nor any owner, funding source, or related party is a known or suspected terrorist, or identified on any Terrorist List maintained by the U.S. Treasury Department's Office of Foreign Assets Control. The FDD provides a website address (www.home.treasury.gov) where these lists can be accessed.
Furthermore, franchisees must warrant that they are currently in compliance with all Anti-Terrorism Laws and other U.S. laws that prohibit corrupt business practices, money laundering, or support for those who commit acts of terror. This compliance must continue throughout the duration of the franchise relationship. These representations are considered 'continuing' and franchisees are obligated to immediately notify Bigfoot Forestry if any event or circumstance arises that could render these representations false, inaccurate, or misleading.
This requirement places a significant responsibility on Bigfoot Forestry franchisees to conduct thorough due diligence on themselves, their partners, and their funding sources to ensure ongoing compliance with these laws. Failure to comply could result in severe legal and financial repercussions, as well as termination of the franchise agreement.