For Chop5 Salad Kitchen, are the anti-terrorism representations and warranties continuing for the duration of the franchise relationship?
Chop5_Salad_Kitchen Franchise · 2024 FDDAnswer from 2024 FDD Document
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 any Equity Interest in you) 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 (or alias, pseudonym or nickname) or address on any Terrorist List, including on 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 Laws (either currently in effect or enacted in the future) prohibiting corrupt business practices, money laundering or the aid or support of Persons who conspire to commit acts of terror against any Person or government that are in effect within the United States of America. The foregoing representations and warranties are 'continuing' representations and warranties for the duration of the franchise relationship. Accordingly, you agree to notify us immediately in writing of the occurrence of any event or the development of any circumstance that might render any of the foregoing representations and warranties false, inaccurate or misleading.
Source: Item 23 — RECEIPT (FDD pages 50–178)
What This Means (2024 FDD)
According to the 2024 Chop5 Salad Kitchen Franchise Disclosure Document, the anti-terrorism representations and warranties provided by the franchisee and their owners are continuing for the duration of the franchise relationship. This means that throughout the term of the franchise agreement, the franchisee and their owners must maintain compliance with anti-terrorism laws and related regulations.
The franchisee and owners must represent and warrant that they are not subject to having property blocked under any Anti-Terrorism Law, are not terrorists or suspected terrorists, and are not identified on any Terrorist List. This includes the list of "Specially Designated Nationals" or "Blocked Persons" maintained by the U.S. Treasury Department's Office of Foreign Assets Control.
Furthermore, the franchisee and owners must comply with all anti-terrorism laws and laws prohibiting corrupt business practices, money laundering, or support of those who commit acts of terror. The franchisee is obligated to notify Chop5 Salad Kitchen immediately in writing if any event or circumstance occurs that could render these representations and warranties false, inaccurate, or misleading. This ongoing obligation ensures that Chop5 Salad Kitchen maintains a level of security and compliance throughout the franchise term.