What are franchisees of Golden Krust Caribbean Restaurant required to do regarding Anti-Terrorism Laws?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
H. COMPLIANCE WITH LAWS AND TAXES
- (1) You must operate the Restaurant in full compliance with all applicable municipal, county, state and federal laws, rules, regulations and ordinances. You have sole responsibility for compliance despite any information or advice that we may provide.
- (2) You, on behalf of yourself and your owners, agree to comply with and/or to assist us to the fullest extent possible in our efforts to comply with Anti-Terrorism Laws (as defined below). In connection with such compliance, you, on behalf of yourself and your owners, certify, represent, and warrant that none of your respective property or interests are "blocked" under any of the Anti-Terrorism Laws and that neither you nor any of your owners are in violation of any of the Anti-Terrorism Laws. You also agree not to knowingly hire or do business with (or continue to employ or do business with) any party who is blocked under any of the Anti-Terrorism Laws. The term "Anti-Terrorism Laws" means Executive Order 13224 issued by the President of the United States, as supplemented, the USA PATRIOT Act, and all other laws and regulations addressing or in any way relating to terrorist acts and/or acts of war.
Source: Item 22 — CONTRACTS (FDD page 35)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, franchisees must comply with all applicable laws, including Anti-Terrorism Laws. Franchisees must assist Golden Krust Caribbean Restaurant in complying with Anti-Terrorism Laws to the fullest extent possible. Franchisees must certify, represent, and warrant that neither their property nor interests are "blocked" under any Anti-Terrorism Laws, and that neither they nor their owners are in violation of any Anti-Terrorism Laws. Franchisees also agree not to knowingly hire or do business with any party who is blocked under any Anti-Terrorism Laws.
The term "Anti-Terrorism Laws" includes Executive Order 13224 issued by the President of the United States, as supplemented, the USA PATRIOT Act, and all other laws and regulations addressing or relating to terrorist acts and/or acts of war. This means that franchisees must stay informed about and adhere to these specific regulations, as well as any other relevant anti-terrorism legislation.
This requirement places a significant responsibility on Golden Krust Caribbean Restaurant franchisees to conduct due diligence and ensure compliance. Failure to comply with these laws could result in severe penalties, including fines and legal repercussions, for both the franchisee and the franchisor. Prospective franchisees should carefully review these requirements and seek legal counsel to fully understand their obligations under Anti-Terrorism Laws.