Is Bombs Away subject to a currently effective decree relating to the franchise?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
Except as provided above, with regard to the franchisor, its predecessor, a person identified in Item 2, or an affiliate offering franchises under the franchisor's principal trademark:
- 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 23 — RECEIPTS (FDD pages 36–117)
What This Means (2024 FDD)
According to Bombs Away's 2024 Franchise Disclosure Document, neither Bombs Away, its predecessors, individuals identified in Item 2, nor affiliates offering franchises under Bombs Away's principal trademark are subject to a currently effective injunctive or restrictive order or decree relating to the franchise. This extends to orders under Federal, State, or Canadian franchise, securities, antitrust, trade regulation, or trade practice law resulting from concluded or pending actions brought by a public agency.
Furthermore, these parties are not subject to any currently effective order from a national securities association or exchange, as defined by the Securities and Exchange Act of 1934, that would suspend or expel them from membership. They are also not subject to any currently effective injunctive or restrictive order relating to other business activities resulting from actions by a public agency or department, including actions affecting a license as a real estate broker or sales agent.
In practical terms, this means that Bombs Away is not currently operating under any legal restrictions or injunctions that would limit its ability to offer or manage its franchises. Prospective franchisees can be assured that Bombs Away's operations are not encumbered by ongoing legal disputes or regulatory actions that could impact the franchise system.