Does the All Team franchise receipt require the date on which the Franchise Agreement was signed?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1. | Have you received and personally reviewed the Franchise Agreement and each exhibit and schedule attached to it? Yes No |
|---|---|
| 2. 3. | Have you received and personally reviewed the Franchisor's Franchise Disclosure Document (the "FDD") that Franchisor provided to you? Yes No |
| 4. | Did you sign a receipt for the FDD indicating the date you received it? |
| Yes | |
| No | |
| 5. | Date on which you received the FDD and related Exhibits explaining the All Team |
| Franchise. | |
| , 20 | |
| (month, day) | |
| 6. | Date on which you received a completed copy, other than signatures, of the Franchise |
| Agreement. | |
| , 20 | |
| (month, day) | |
| 7. | Date on which you signed the Franchise Agreement. |
| , 20 | |
| (month, day) |
Source: Item 23 — RECEIPT (FDD pages 34–161)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the receipt includes a section to confirm the date on which the Franchise Agreement was signed. Specifically, the receipt asks for the date on which the franchisee signed the Franchise Agreement. This date is separate from the date the franchisee receives the FDD or a completed copy of the Franchise Agreement.
This requirement ensures that All Team has a record of when the franchisee committed to the agreement. It also serves as an acknowledgment from the franchisee that they were aware of the terms and conditions at the time of signing. This date could be important for legal and compliance purposes, as it marks the beginning of the contractual relationship between All Team and the franchisee.
Prospective franchisees should ensure they accurately record the date they sign the Franchise Agreement on the receipt. This date is a formal confirmation of their entry into the franchise agreement with All Team and could have implications for the term and obligations under the agreement.