What other agreement must an assignment of the All Team Processing Agreement be in conjunction with?

According to All Team's 2025 Franchise Disclosure Document, any assignment of the Processing Agreement by the franchisee (USER) must occur alongside a corresponding assignment under the Franchise Agreement. This requirement ensures that the obligations and rights within the Processing Agreement are transferred only when the franchise itself is also being transferred to a new franchisee.

This stipulation protects All Team by ensuring that the entity utilizing their billing and payroll processing services is a legitimate franchisee operating under a valid Franchise Agreement. It prevents a situation where a third party, not affiliated with the All Team franchise system, could gain access to and utilize the Processing Agreement.

For a prospective All Team franchisee, this means that if they decide to sell their franchise, the assignment of the Processing Agreement to the new owner is contingent upon the simultaneous transfer of the Franchise Agreement. This coordinated assignment process helps maintain the integrity of the All Team franchise system and ensures a smooth transition of operations to the new franchisee.