Does the Gokhale Method agreement require franchisees to warrant they are not engaged in terrorist activity?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
- 17.3.
Compliance With Anti-Terrorism Laws.
You acknowledge that under applicable U.S. law, including, without limitation, Executive Order 13224, signed on September 23, 2001 (the "Executive Order"), we are prohibited from engaging in any transaction with any person engaged in, or with a person aiding any person engaged in, acts of terrorism, as defined in the Executive Order.
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, franchisees acknowledge that under applicable U.S. law, including Executive Order 13224, Gokhale Method is prohibited from engaging in any transaction with any person engaged in acts of terrorism. This means that Gokhale Method franchisees must comply with anti-terrorism laws and regulations.
Executive Order 13224, signed on September 23, 2001, aims to block assets and prevent transactions with persons who commit, threaten to commit, or support terrorism. By acknowledging this order, Gokhale Method franchisees are agreeing to abide by these restrictions and ensure they do not engage in any activities that could violate these laws.
This clause protects Gokhale Method from potential legal and financial repercussions associated with doing business with individuals or entities involved in terrorism. It also serves as a reminder to franchisees of their responsibility to comply with all applicable laws and regulations, including those related to anti-terrorism.