What representation does the Itan franchisee make regarding their property not being 'blocked' under any Anti-Terrorism Law?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
us that, to the best of your knowledge: (a) no property or interest owned by you or any Owner is subject to being "blocked" under any Anti-Terrorism Law; (b) neither you nor any Owner, nor any of their respective funding sources (including any legal or beneficial owner of an Equity Interest in the Development Business or Developer Entity) or related parties is, or has ever been: (i) a terrorist or suspected terrorist within the meaning of the Anti-Terrorism Law; or (ii) identified by name, alias, pseudonym, nickname or address on any Terrorist List, including the list of "Specially Designated Nationals" or "Blocked Persons" maintained by the U.S. Treasury Department's Office of Foreign Assets Control (texts currently available at www.home.treasury.gov); and (c) you and the Owners are in compliance, and will continue to comply, with the Anti-Terrorism Law and all other U.S. Laws currently in effect, or enacted in the future, that prohibit corrupt business practices, money laundering or the aid or support of Persons who conspire to commit acts of terror against any Person or government. The foregoing representations and warranties are 'continuing' representations and warranties for the duration of the franchise relationship. Accordingly, you must immediately notify us of the occurrence of an event or development of a circumstance that might render any of the foregoing representations and warranties false, inaccurate or misleading.
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, franchisees and their owners must represent and warrant that, to the best of their knowledge, no property or interest they own is subject to being "blocked" under any Anti-Terrorism Law. This representation extends not only to the franchisee and owners but also to their funding sources, including legal or beneficial owners of equity interests in the business or franchisee entity, and related parties.
Furthermore, franchisees and their owners must represent that neither they nor their funding sources have ever been a terrorist or suspected terrorist as defined by Anti-Terrorism Law. They also must not be identified on any Terrorist List, such as the list of "Specially Designated Nationals" or "Blocked Persons" maintained by the U.S. Treasury Department's Office of Foreign Assets Control, which is available at www.home.treasury.gov.
Itan franchisees must comply with Anti-Terrorism Laws and all other U.S. laws that prohibit corrupt business practices, money laundering, or support for those who conspire to commit acts of terror. These representations and warranties are 'continuing' for the duration of the franchise relationship, meaning franchisees must immediately notify Itan if any event or circumstance arises that could render these representations false, inaccurate, or misleading.