When must the covenants, warranties, and representations in the All Team agreement be true?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
- (n) All covenants, warranties and representations contained herein shall be true as of the date hereof and shall survive the execution and delivery of this Agreement.
Source: Item 22 — CONTRACTS (FDD pages 33–34)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, all covenants, warranties, and representations contained within the franchise agreement must be true as of the date the agreement is signed. Furthermore, these covenants, warranties, and representations survive the execution and delivery of the agreement, meaning they remain in effect even after the agreement is signed and delivered.
This provision ensures that All Team franchisees are held accountable for the accuracy of their statements and commitments from the outset of the franchise relationship. It also provides All Team with ongoing protection and recourse in case of any misrepresentations or breaches of warranty by the franchisee, even after the initial agreement is finalized.
For a prospective All Team franchisee, this means carefully reviewing all covenants, warranties, and representations in the franchise agreement before signing. It is crucial to ensure that all information provided is accurate and truthful, as any inaccuracies could lead to legal repercussions. Franchisees should also understand that these obligations continue beyond the initial signing of the agreement, requiring ongoing compliance and adherence to the terms outlined.