When must all outstanding debts to All County be paid after the termination date of the Franchise Agreement?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
- 20.4.2. Current Accounts. You have paid all Royalties, Ad Fees, amounts owed for purchases from us and all other amounts owed to us or to third party creditors and have submitted all required reports and statements.
Source: Item 23 — Receipts (FDD pages 43–157)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, all outstanding debts, including Royalties, Ad Fees, and amounts owed for purchases from All County or third-party creditors, must be paid prior to or concurrently with the effective date of transferring ownership of the All County business. This requirement is in place to ensure that the franchisee is in full compliance with the Franchise Agreement before transferring the business to a new owner.
This condition protects All County by ensuring that franchisees do not transfer their business with outstanding financial obligations. It also ensures a clean financial slate for the new franchisee taking over the All County business.
For a prospective All County franchisee, this means that if they plan to sell their franchise, they must settle all outstanding debts before the transfer can be completed. Failure to do so could delay or even prevent the transfer of the franchise to a new owner.