Is the Southern Steer franchisee required to comply with laws relating to anti-terrorist activities?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
- (d) Other Laws.
The Franchisee will comply and/or assist the Franchisor in its compliance efforts, as applicable, with any and all laws, regulations, Executive Orders or otherwise relating to anti-terrorist activities including, without limitation, the U.S.
Patriot Act, Executive Order 13224, and related U.S.
Treasury and/or other regulations.
In connection with such compliance efforts, the Franchisee will not enter into any prohibited transactions and will properly perform any currency reporting and other activities relating to the Southern Steer Business as may be required by the Franchisor or by law.
The Franchisee confirms that it is not listed in the Annex to Executive Order 13224 (http://www.treasury.gov/offices/enforcement/ofac/sanctions/terrorism.html) and agrees not to hire any person so listed or have any dealing with a person so listed.
Source: Item 22 — ITEM. 22 CONTRACTS (FDD pages 61–168)
What This Means (2025 FDD)
According to the 2025 Southern Steer Franchise Disclosure Document, franchisees must comply with laws, regulations, and executive orders related to anti-terrorist activities. This includes adherence to the U.S. Patriot Act and Executive Order 13224, along with related U.S. Treasury regulations.
Southern Steer franchisees are expected to assist the franchisor in these compliance efforts. Franchisees must not engage in any prohibited transactions and must accurately perform currency reporting and other activities as required by law or the franchisor.
Furthermore, franchisees confirm they are not listed in the Annex to Executive Order 13224 and agree not to hire or conduct business with anyone listed. This requirement ensures that Southern Steer franchisees actively participate in preventing financial support to terrorist activities, aligning with national security interests.