Must an All Team franchisee sign documents required to accomplish payment by EFT?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
FRANCHISEE shall comply with the procedures specified in the Manual or as otherwise communicated for such EFT program, and FRANCHISEE shall perform the acts and sign the documents, including authorization forms that are required to accomplish payment by EFT.
In addition, FRANCHISEE shall pay all costs associated with utilizing any payment program established by ATFC.
FRANCHISEE is also responsible for all credit card fees.
Source: Item 22 — CONTRACTS (FDD pages 33–34)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, franchisees are required to comply with procedures for electronic funds transfer (EFT) and must sign documents, including authorization forms, to facilitate payment via EFT. This is in addition to paying all costs associated with any payment program established by All Team, as well as all credit card fees.
This means that if All Team requires franchisees to pay certain fees, such as Continuing License Fees, Advertising Fees, Technology Fees, Funding Fees, or Processing Fees, via EFT, the franchisee must complete the necessary paperwork to allow All Team to electronically debit the franchisee's bank account. This requirement ensures that All Team can efficiently collect payments from its franchisees.
It is important for prospective All Team franchisees to understand these payment obligations and factor in any associated costs when evaluating the financial feasibility of the franchise. Franchisees should also clarify with All Team what specific fees are subject to EFT and what costs are associated with the payment program to avoid any unexpected expenses.