What does the Chocolate Fish Coffee franchisee represent regarding anti-terrorism laws?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
- 2.6 No Conflict. Franchisee represents to Chocolate Fish Franchising that Franchisee and each of its Owners (i) are not violating any agreement (including any confidentiality or non-competition covenant) by entering into or performing under this Agreement, (ii) are not a direct or indirect owner of any Competitor, and (iii) are not listed or "blocked" in connection with, and are not in violation under, any anti-terrorism law, regulation, or executive order.
Source: Item 23 — RECEIPTS (FDD pages 41–119)
What This Means (2024 FDD)
According to Chocolate Fish Coffee's 2024 Franchise Disclosure Document, the franchisee represents that they and each of their owners (i) are not violating any agreement by entering into or performing under the Franchise Agreement, (ii) are not a direct or indirect owner of any competitor, and (iii) are not listed or "blocked" in connection with, and are not in violation under, any anti-terrorism law, regulation, or executive order. This representation is a condition of being awarded a Chocolate Fish Coffee franchise.
This means that before being approved to operate a Chocolate Fish Coffee franchise, prospective franchisees and their owners must confirm they are in compliance with all anti-terrorism laws and regulations. They must also disclose that they are not on any government lists of blocked or prohibited individuals or entities.
This requirement is fairly standard in franchising, as franchisors need to ensure that their franchisees meet certain legal and ethical standards. By including this representation, Chocolate Fish Coffee aims to protect its brand and reputation and ensure compliance with applicable laws.