What constitutes 'Goods' under the All Team agreement?

According to All Team's 2025 Franchise Disclosure Document, 'Goods' are defined as all personal property that is moveable or can be severed from realty. This definition is important in the context of the franchise agreement as it helps to clarify what type of property is covered under various clauses, such as those related to security interests or inventory.

For a prospective All Team franchisee, understanding this definition is crucial for several reasons. It helps in determining what assets are considered 'Goods' for the purposes of inventory management, sales, and potential security agreements with lenders or All Team itself. For example, if a franchisee is required to maintain a certain level of 'Goods' as inventory, they need to know exactly what falls under that category.

Furthermore, the definition of 'Goods' is distinct from other types of property defined in the agreement, such as 'Equipment,' 'Fixtures,' and 'General Intangibles.' 'Equipment' refers to property used in the business with affixed parts, 'Fixtures' are items attached to real property, and 'General Intangibles' include personal property other than Goods, Accounts, and other specified items. Knowing these distinctions helps franchisees understand their rights and obligations regarding different types of assets used in their All Team business.