How long is the All Team Processing 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 Processing Agreement has a term of 3 years from the date of execution. This means that the agreement is effective for a three-year period starting from the day it is signed.
At the end of the initial 3-year term, the Processing Agreement automatically renews for additional 1-year terms. This automatic renewal continues unless either All Team or the franchisee takes action to terminate the agreement as per the terms outlined in the agreement itself.
This is an important detail for prospective franchisees to understand, as it outlines the duration of their commitment to the Processing Agreement and the conditions for its renewal and termination. Franchisees should carefully review the termination clauses in Section V of the Processing Agreement to understand their rights and obligations.