What is included in the definition of 'Collateral' under the All Team agreement?

According to All Team's 2025 Franchise Disclosure Document, 'Collateral' is comprehensively defined within the security agreement. This definition is crucial because it specifies the assets that All Team has a security interest in, which can be claimed if the franchisee defaults on their obligations.

The agreement specifies that 'Collateral' includes a wide array of assets, encompassing both tangible and intangible property. These include 'Accounts,' which refer to the rights to payment for goods or services, and 'Chattel Paper,' which are documents evidencing both a monetary obligation and a security interest or lease. The definition extends to 'Documents,' such as warehouse receipts and bills of lading, 'Fixtures,' and 'Goods,' which further include 'Equipment,' 'Inventory,' 'farm products,' and 'consumer goods.'

Furthermore, the definition of 'Collateral' also covers 'General Intangibles,' 'Instruments,' and 'money,' ensuring that virtually all forms of personal property owned or later acquired by the franchisee are included. This also extends to all 'Proceeds and products' derived from these assets. This broad definition means that All Team aims to secure its financial interests as comprehensively as possible, using virtually all business assets as security for the franchisee's obligations.