According to the All Team franchise agreement, what does a termination include?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
For purposes of this Agreement, a termination shall include a termination for any reason, expiration, cancellation, failure to renew, assignment or Transfer.
Source: Item 22 — CONTRACTS (FDD pages 33–34)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, a termination encompasses various scenarios. Specifically, the franchise agreement states that a termination includes a termination for any reason, expiration, cancellation, failure to renew, assignment, or transfer.
For a prospective All Team franchisee, this definition is important because it clarifies the broad range of circumstances that are considered a termination of the franchise agreement. This means that the provisions in the agreement related to termination apply not only when All Team actively ends the agreement but also when the agreement expires naturally, when the franchisee cancels, when there is a failure to renew, or when the franchise is assigned or transferred to someone else.
This comprehensive definition ensures that all potential endings of the franchise relationship are subject to the same terms and conditions outlined in the agreement. Franchisees should carefully review the termination provisions to understand their obligations and rights in each of these scenarios. This includes understanding any penalties, required actions, or ongoing responsibilities that may arise upon termination, regardless of the specific reason for the termination.