According to the All Team Funding Agreement, who are considered 'Customers'?

According to All Team's 2025 Franchise Disclosure Document, the Funding Agreement defines 'Customers' as the patrons of the All Team franchisee's temporary personnel service business who utilize the franchisee's temporary personnel services. This definition is important because the Funding Agreement outlines the financial relationship between All Team and the franchisee (referred to as 'USER') regarding the financing of payroll for temporary personnel employees.

Since All Team provides financing for the franchisee's temporary staffing business, the invoices generated for these 'Customers' are sold and assigned to All Team. This means All Team purchases the customer invoices from the franchisee, granting All Team the rights to the payments associated with those invoices. The franchisee is responsible for providing All Team with the necessary documentation, including copies of original invoices and proofs of service, to facilitate the collection of payments from these customers.

All Team, as the owner of the accounts receivable, is responsible for invoicing the customers and collecting payments. The invoices sent to customers will instruct them to remit payment directly to All Team. This arrangement allows All Team to manage the financial transactions related to the temporary personnel services provided by the franchisee. Understanding this definition is crucial for franchisees as it clarifies who is responsible for payment and how the financial transactions are structured within the All Team franchise system.