What agreements must an All Team franchisee's assignment be in conjunction with?

According to All Team's 2025 Franchise Disclosure Document, any assignment of the Processing Agreement by a franchisee must occur alongside a corresponding assignment under the Franchise Agreement. This means that if a franchisee wishes to transfer their rights and obligations under the Processing Agreement to another party, they must also transfer their rights and obligations under the main Franchise Agreement at the same time.

This requirement ensures that the Processing Agreement, which likely governs important aspects of the business such as payment processing or data handling, remains aligned with the overall franchise relationship. It prevents a franchisee from transferring the operational aspects of the business (covered by the Processing Agreement) to one party while retaining the franchise rights (under the Franchise Agreement) themselves, or vice versa.

For a prospective All Team franchisee, this condition means that selling or transferring any part of their business requires careful consideration of both agreements. They cannot selectively assign one agreement without the other. This could potentially complicate the sale process, as the buyer would need to be approved by All Team as a qualified franchisee and agree to the terms of both the Franchise Agreement and the Processing Agreement. Franchisees should consult with legal counsel to fully understand the implications of this requirement before attempting to assign either agreement.