Does the All Team General Release cover accounting fees for All Team?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
Releasor, on behalf of itself and each of the persons and entities described in Section 2 hereof, hereby absolutely and forever releases, remises and discharges Franchisor and each of the persons and entities described in Section 3 hereof, from any and all claims, demands, damages, liabilities, costs (including, but not limited to reasonable attorneys' fees, accounting fees or experts' fees, and the costs of litigation, arbitration or other proceedings), expenses, liens, losses, charges, audits, investigations, injunctions, orders, rulings, subpoenas, controversies, obligations, debts, loans, interest, dues, accounts, awards, reckonings, bonds, bills, covenants, promises, undertakings, variances, trespasses, judgments, executions, sums of money owed, arbitrations, suits, decisions, proceedings, verdicts entered, issued, made or rendered and causes of action of every kind and nature whatsoever, whether now known or unknown, suspected or unsuspected, which Releasor now has, owns or holds, or at any time heretofore ever had, owned or held, or could, shall or may hereafter have, own or hold, pertaining to, arising out of or in connection with the Franchise Agreement, any related agreements or the franchisor-franchisee relationship between Releasor and Franchisor.
Notwithstanding the foregoing, if this General Release is entered into in conjunction with the renewal, assignment or transfer of the Franchise Agreement, the foregoing release shall not apply to any liability under any state franchise law which governs this Release.
Source: Item 22 — CONTRACTS (FDD pages 33–34)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the General Release covers accounting fees. Specifically, the General Release discharges All Team from claims, demands, damages, liabilities, and costs. This includes reasonable attorneys' fees, accounting fees, or experts' fees, and the costs of litigation, arbitration, or other proceedings. The release extends to any claims arising out of or in connection with the Franchise Agreement or the franchisor-franchisee relationship between the franchisee and All Team.
This means that by signing the General Release, a franchisee waives their right to pursue any claims against All Team for costs like accounting fees, regardless of whether those claims are known or unknown at the time of signing. This is a significant commitment, as it potentially prevents franchisees from seeking compensation for financial losses or disputes related to accounting practices or fees.
It is important for prospective All Team franchisees to carefully review the terms of the General Release and understand its implications before signing. Franchisees should consider consulting with an attorney or financial advisor to fully assess the risks and benefits of releasing All Team from potential liabilities, including those related to accounting fees. The General Release supersedes any prior agreements, so franchisees should be aware of the comprehensive nature of this document.