What is the purpose of the agreement that All County franchise owners must execute?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this disclosure document in Exhibit A is our Franchise Agreement. Each of your owners, at any time during the term of the Franchise Agreement, will execute an agreement in the form that we prescribe (see Appendix C to the Franchise Agreement) undertaking to be bound jointly and severally by all provisions of the Franchise Agreement and any ancillary agreements between you and us that bind you.
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, each owner of an All County franchise, at any point during the term of the Franchise Agreement, is required to execute an agreement. This agreement, in a form prescribed by All County, ensures that each owner is jointly and severally bound by all provisions of the Franchise Agreement and any related agreements between the franchisee and All County that are binding on the franchisee.
This requirement means that all owners are equally responsible for upholding the terms of the franchise agreement. If the franchisee is an entity with multiple owners, each owner is legally accountable as if they were a sole proprietor. This arrangement protects All County by ensuring that all individuals with an ownership stake are committed to the franchise's obligations.
Prospective franchisees should carefully review Appendix C to the Franchise Agreement to understand the specific terms and conditions of this agreement. They should also consider the implications of joint and several liability, as each owner's personal assets could be at risk if the franchise fails to meet its obligations.