Is the Funding Agreement term with All Team automatically renewable?

According to All Team's 2025 Franchise Disclosure Document, the Funding Agreement, if approved, has a 3-year term that is automatically renewable for additional 1-year terms. This agreement is contingent upon All Team's discretion, the availability of funds from their lending institutions, and the franchisee's creditworthiness at the time of executing the Franchise Agreement.

This automatic renewal clause in the Funding Agreement provides a level of continuity for franchisees who rely on All Team for payroll funding. However, franchisees should be aware that the renewal is not guaranteed, as it depends on All Team's lending arrangements and the franchisee's ongoing creditworthiness. This means that a franchisee's access to funding could be interrupted if All Team's financial situation changes or if the franchisee's creditworthiness declines.

Prospective franchisees should carefully review the terms of the Funding Agreement, particularly the conditions for renewal and the circumstances under which All Team may choose not to renew the agreement. Understanding these factors is crucial for managing the financial risks associated with relying on All Team for payroll funding. Franchisees should also consider having alternative funding sources available in case the Funding Agreement is not renewed.