Is compliance with U.S. anti-money laundering and counterterrorism financing laws a condition of the Dryject franchise agreement?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
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, compliance with U.S. anti-money laundering and counterterrorism financing laws and regulations is a condition of the franchise agreement. As part of the consideration for purchasing the franchise, the franchisee warrants that they are, and have been, in compliance with these laws and regulations. They also warrant that any funds provided to Dryject were legally obtained in compliance with these laws.
Furthermore, the franchisee covenants that neither they, nor any of their employees, agents, or representatives, nor any other person or entity associated with them, 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.
This means that a prospective Dryject franchisee must ensure that their business operations and funding sources are fully compliant with all applicable U.S. laws related to anti-money laundering and counterterrorism financing. Failure to comply with these laws could result in a breach of the franchise agreement and potential legal consequences.