How long is the All Team Funding Agreement from execution?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| PROVISION | OTHER AGREEMENT | SUMMARY |
|---|---|---|
| a. Length of the franchise term | Section IV of the Franchise Agreement; Section III of the Funding Agreement; and Section III of the Processing Agreement | 10 years from signing the Franchise Agreement. Funding Agreement and Processing Agreement are 3 years from execution. |
| b. Renewal or extension | Section IV of the Franchise Agreement; Section III of the Funding Agreement; Section III of the Processing Agreement | 2 additional terms for 10 years each for the Franchise Agreement. Funding Agreement and Processing Agreement automatically renew for additional 1 year terms. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 28–30)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the Funding Agreement has an initial term of 3 years from the date of execution. This agreement is automatically renewable for additional 1-year terms.
This means that as an All Team franchisee, you will have access to funding for your temporary payrolls for at least 3 years, assuming you are approved by All Team and their lending institution. The automatic renewal feature provides some assurance of continued funding, but it's important to understand the conditions for renewal and any potential changes in terms.
Franchisees should be aware that the Funding Agreement's continuation is also tied to All Team's own financing arrangements with their banks. If All Team's financing agreements are reduced, they reserve the right to reduce the amount they advance to franchisees. This introduces a level of risk, as the availability of funding could change based on factors outside the franchisee's direct control. It would be prudent for prospective franchisees to inquire about the specific conditions under which All Team's financing agreements could be reduced and how that might impact the franchisee's access to funding.