factual
What agreement is referenced as the 'Franchise Agreement' in the All Team General Release?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS GENERAL RELEASE (the "General Release") is made by the undersigned (hereinafter "Releasor") for the benefit of All Team Franchise Corporation, a Florida corporation (hereinafter, "Franchisor"), on this day of, 20 |
|---|
| RECITALS: |
| WHEREAS, Releasor is an All Team franchisee and operates an All Team Agency (the |
| "Franchised Business") pursuant to that certain franchise agreement dated (the |
| "Franchise Agreement"); |
| WHEREAS, Releasor desires to renew its franchise with Franchisor or desires Franchisor's |
| consent to in connection with the Franchise Agreement; and |
| WHEREAS, certain states require certain changes be made to this General Release specific to such |
| state. |
Source: Item 22 — CONTRACTS (FDD pages 33–34)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the General Release references a specific franchise agreement. The General Release is made by the franchisee ('Releasor') for the benefit of All Team Franchise Corporation ('Franchisor'). The Franchise Agreement is defined as that certain franchise agreement dated a specific date. The Releasor operates an All Team Agency ('Franchised Business') under this Franchise Agreement. The General Release is required when a franchisee desires to renew their franchise or seeks All Team's consent related to the Franchise Agreement.
Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.