What is the condition under which ATFC can assign the All Team Funding Agreement?

According to All Team's 2025 Franchise Disclosure Document, the Funding Agreement is fully assignable by All Team Franchise Corporation (ATFC). This means that All Team has the right to transfer its rights and obligations under the Funding Agreement to another party without needing the franchisee's consent.

For a prospective All Team franchisee, this clause provides that ATFC can freely assign the Funding Agreement. This could occur if All Team sells its rights to a third-party financial institution or another entity. The franchisee would then be obligated to fulfill the terms of the Funding Agreement with the new assignee.

While the franchisee does not have to consent to this assignment, it is important to understand that All Team retains the right to transfer the agreement. This is a standard clause in many franchise agreements, allowing the franchisor flexibility in managing its financial relationships. The franchisee should carefully consider this provision and its potential implications for their business relationship with All Team.