Am I, as a Dryject franchisee, required to warrant that any funds provided to Dryject were legally obtained in compliance with U.S. anti-money laundering and counterterrorism financing laws?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
I warrant that neither I nor any of my employees, agents, or representatives, nor any other person or entity associated with me, is now, or has been: (i) a person or entity who assists, sponsors, or supports terrorists or acts of terrorism; or (ii) is owned or controlled by terrorists or sponsors of terrorism. I warrant that I am now, and have been, in compliance with U.S. anti-money laundering and counterterrorism financing laws and regulations, and that any funds provided by me to Franchisor were legally obtained in compliance with these laws.
I further covenant that neither I nor any of my employees, agents, or representatives, nor any other person or entity associated with me, will, during the Term of the Franchise Agreement, become a person or entity described above or otherwise become a target of any anti-terrorism law.
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, as a franchisee, you are required to warrant that you are in compliance with U.S. anti-money laundering and counterterrorism financing laws and regulations. You must also warrant that any funds provided to Dryject were legally obtained in compliance with these laws. This requirement is part of Addendum E to the Franchise Agreement Acknowledgement Statement.
This means that before you can become a Dryject franchisee, you must confirm that the money you are using to invest in the franchise was obtained legally and that you are not involved in any activities related to money laundering or terrorism financing. This is a standard practice for many franchise systems to ensure compliance with federal laws and regulations.
Furthermore, you must also represent that neither you nor any of your employees, agents, or representatives, nor any other person or entity associated with you, is listed on the U.S. Treasury Department's List of Specially Designated Nationals, the U.S. Commerce Department's Denied Persons List, Unverified List, Entity List, or General Orders, or the U.S. State Department's Debarred List or Nonproliferation Sanctions, or the Annex to U.S. Executive Order 13224. You also warrant that you are not a person or entity who assists, sponsors, or supports terrorists or acts of terrorism, or is owned or controlled by terrorists or sponsors of terrorism.
Finally, you must covenant that during the term of the Franchise Agreement, neither you nor any of your employees, agents, or representatives, nor any other person or entity associated with you, will become a person or entity described above or otherwise become a target of any anti-terrorism law. This ongoing obligation ensures that all Dryject franchisees remain compliant with these critical legal requirements throughout their relationship with the company.