What is the meaning of 'good moral character' in the context of an All Team franchise transferee?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
The transferee meets the established standards for new franchisees, is of good moral character, has a good credit rating, sufficient financial resources to operate the business and competent qualifications.
Source: Item 22 — CONTRACTS (FDD pages 33–34)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, a condition for approving a franchise transfer is that the transferee must be of "good moral character".
While the FDD stipulates that a transferee must be of good moral character, it does not define what constitutes 'good moral character' in this context. This lack of a clear definition leaves room for All Team to make a subjective judgment about a potential transferee's character.
As a prospective franchisee, it would be prudent to seek clarification from All Team regarding the specific criteria they use to assess 'good moral character'. Understanding these criteria can help ensure that any potential transferee meets All Team's standards, facilitating a smoother transfer process.