Does the definition of 'Anti-Terrorism Laws' for Card My Yard include future laws?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
"Anti-Terrorism Laws" means Executive Order 13224 issued by the President of the United States, the Terrorism Sanctions Regulations (Title 31, Part 595 of the U.S. Code of Federal Regulations), the Foreign Terrorist Organizations Sanctions Regulations (Title 31, Part 597 of the U.S. Code of Federal Regulations), the Cuban Assets Control Regulations (Title 31, Part 515 of the U.S. Code of Federal Regulations), the USA PATRIOT Act, and all other present and future federal, state and locallaws, ordinances, regulations, policies,lists and any other requirements of any Governmental Authority (including, without limitation, the United States Department of Treasury Office of Foreign Assets Control) addressing or in any way relating to terrorist acts and acts of war.
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the definition of "Anti-Terrorism Laws" includes both present and future laws. This means that franchisees must comply with all anti-terrorism laws, ordinances, regulations, policies, lists and any other requirements of any Governmental Authority, including any future changes or additions to these laws during the term of their franchise agreement.
This definition encompasses a broad range of legal requirements related to terrorist acts and acts of war. It specifically mentions Executive Order 13224, the Terrorism Sanctions Regulations, the Foreign Terrorist Organizations Sanctions Regulations, the Cuban Assets Control Regulations, the USA PATRIOT Act, and all other present and future federal, state and local laws.
For a prospective Card My Yard franchisee, this means staying informed about any changes to anti-terrorism laws and ensuring their business operations comply with these evolving legal requirements. Failure to comply with these laws could result in legal penalties and potential termination of the franchise agreement.