What condition allows All Team to cease providing funding and processing services?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
- g. Continue to provide you funding and processing services so long as the Funding Agreement and Processing Agreement are in effect. We reserve the right to cease providing these services so long as we find another vendor to do so. (Franchise Agreement – paragraph VIII.F);
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 18–23)
What This Means (2025 FDD)
According to the 2025 All Team Franchise Disclosure Document, All Team reserves the right to stop providing funding and processing services to franchisees if they find another vendor to provide these services. This is contingent upon the Funding Agreement and Processing Agreement remaining in effect.
This means that while All Team initially provides these crucial services, they are not obligated to continue doing so indefinitely. The ability to switch vendors gives All Team flexibility but introduces a potential risk for franchisees. If All Team finds an alternative vendor, franchisees will be required to work with that vendor instead.
For a prospective franchisee, this highlights the importance of understanding the terms of the Funding Agreement and Processing Agreement. It would be prudent to inquire about the criteria All Team uses to evaluate alternative vendors and how a change in vendors might impact the franchisee's operations, costs, and overall relationship with All Team. It is also important to understand what recourse a franchisee has if they are not satisfied with the new vendor.