factual

Is a Dryject franchisee prohibited from being on the U.S. Commerce Department's Denied Persons List?

Dryject Franchise · 2025 FDD

Answer from 2025 FDD Document

ADDENDUM E TO FRANCHISE AGREEMENT ACKNOWLEDGEMENT STATEMENT

Prohibited Parties Clause. I acknowledge that Franchisor, its employees and its agents are subject to U.S. laws that prohibit or restrict (a) transactions with certain parties, and (b) the conduct of transactions involving certain foreign parties. These laws include, without limitation, U.S. Executive Order 13224, the U.S. Foreign Corrupt Practices Act, the Bank Secrecy Act, the International Money Laundering Abatement and Anti-terrorism Financing Act, the Export Administration Act, the Arms Export Control Act, the U.S. Patriot Act, and the International Economic Emergency Powers Act, and the regulations issued pursuant to these and other U.S. laws. As part of the express consideration for the purchase of the franchise, I represent 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 listed on:

    1. the U.S. Treasury Department's List of Specially Designated Nationals;
    1. the U.S. Commerce Department's Denied Persons List, Unverified List, Entity List, or General Orders;
    1. the U.S. State Department's Debarred List or Nonproliferation Sanctions; or
    1. the Annex to U.S. Executive Order 13224.

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 the 2025 Dryject Franchise Disclosure Document, prospective franchisees, their employees, agents, representatives, and any associated person or entity must not be listed on the U.S. Commerce Department's Denied Persons List. This requirement is part of the Acknowledgment Statement in Addendum E to the Franchise Agreement.

Dryject franchisees must comply with various U.S. laws that prohibit or restrict transactions with certain parties, including U.S. Executive Order 13224, the U.S. Foreign Corrupt Practices Act, the Bank Secrecy Act, the International Money Laundering Abatement and Anti-terrorism Financing Act, the Export Administration Act, the Arms Export Control Act, the U.S. Patriot Act, and the International Economic Emergency Powers Act. Franchisees must also warrant that they are in compliance with U.S. anti-money laundering and counterterrorism financing laws and that any funds provided to Dryject were legally obtained.

Furthermore, Dryject franchisees must covenant that during the term of the Franchise Agreement, neither they nor their associated parties will become a person or entity described above or otherwise become a target of any anti-terrorism law. This ensures that Dryject maintains compliance with U.S. laws and regulations throughout the duration of the franchise agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.