Does the All Team Funding Agreement state that there are other agreements outside of the documents referenced?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
- J. Entire Agreement. This Funding Agreement and all of the documents referenced herein contain the entire agreement between ATFC and USER regarding this matter, and there are no representations, inducements, arrangements, promises or agreements outstanding between them, either oral or in writing, other than those herein contained. Any changes or modifications to this Agreement must be in writing and signed by all parties. The captions in this Agreement are for convenience of reference only and shall not define or limit any of the terms or provisions hereof.
Source: Item 23 — RECEIPT (FDD pages 34–161)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the Funding Agreement aims to be the comprehensive agreement between All Team Franchise Corporation (ATFC) and the user. The document states that the Funding Agreement, along with all referenced documents, constitutes the entire agreement. This implies that no other outstanding representations, inducements, arrangements, promises, or agreements exist, whether oral or written, unless they are contained within these documents. Any modifications to the agreement must be in writing and signed by all parties to be valid.
However, the Funding Agreement also references other agreements that are part of the overall arrangement. Specifically, it mentions the Franchise Agreement and a Processing Agreement, indicating that these documents are interconnected with the Funding Agreement. Furthermore, the "Centennial Agreement," a funding agreement between Centennial Bank and ATFC, is incorporated by reference, adding another layer of agreements that could affect the franchisee's financial relationship with All Team.
Prospective All Team franchisees should carefully review all referenced documents, including the Franchise Agreement, Processing Agreement, and Centennial Agreement, to fully understand their obligations and rights. It is crucial to ensure that any promises or understandings are documented in writing within these agreements to avoid potential disputes. Franchisees should also be aware that the Centennial Agreement could supersede the Funding Agreement in case of conflicts, potentially impacting the franchisee's financial arrangements.