For All Team, as of what date must the covenants, warranties, and representations contained in the 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 within the franchise agreement must be accurate as of the date the agreement is executed. Furthermore, these covenants, warranties, and representations will remain in effect even after the agreement is signed.
This means that a prospective All Team franchisee should carefully review all aspects of the franchise agreement before signing, ensuring that all statements and promises made by both parties are true and accurate at that time. This includes understanding the obligations, duties, rights, and liabilities outlined in the agreement.
The survival of these covenants, warranties, and representations beyond the execution date underscores the importance of ongoing compliance and the lasting impact of the agreement's terms. Franchisees should be aware that any inaccuracies or misrepresentations at the time of signing could have long-term consequences, even after the franchise agreement terminates.