What representation does Chop5 Salad Kitchen require regarding compliance with Anti-Terrorism Law?
Chop5_Salad_Kitchen Franchise · 2024 FDDAnswer from 2024 FDD Document
- **23.4.
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 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 Chop5 Salad Kitchen's 2024 Franchise Disclosure Document, the franchisor requires that franchisees and their owners jointly and severally represent and warrant their compliance with Anti-Terrorism Laws. This includes confirming that their property or interests are not subject to being "blocked" under any Anti-Terrorism Law.
Specifically, franchisees and owners must represent that they are not terrorists or suspected terrorists, as defined by Anti-Terrorism Laws. They also must not be identified by name or address on any Terrorist List, including the U.S. Treasury Department's Office of Foreign Assets Control's list of "Specially Designated Nationals" or "Blocked Persons." The FDD notes that the texts are currently available at www.home.treasury.gov.
Furthermore, franchisees and owners must confirm that they comply with Anti-Terrorism Laws and all other laws prohibiting corrupt business practices, money laundering, or support of those who conspire to commit acts of terror against any person or government within the United States. These representations and warranties are continuing for the duration of the franchise relationship. Franchisees must notify Chop5 Salad Kitchen immediately in writing if any event or circumstance might render these representations false, inaccurate, or misleading.