Who are the parties involved in the All Team 'Centennial Agreement'?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| B. | | "Centennial Agreement" means the funding agreement between Centennial Bank, or any | | successor or assign ("Centennial") and ATFC, which is incorporated herein by reference.
- P. Centennial Agreement. If there is any conflict between this Funding Agreement and the Centennial Agreement, the Centennial Agreement shall control to the extent of any inconsistency.
Centennial shall have no liability or obligation to USER of any kind whatsoever.
Source: Item 23 — RECEIPT (FDD pages 34–161)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the Centennial Agreement is a funding agreement between Centennial Bank (or any successor or assign) and All Team Franchise Corporation, Inc. (ATFC). The agreement is referenced within the Funding Agreement between ATFC and the franchisee (referred to as USER). The Centennial Agreement is incorporated by reference into the Funding Agreement.
This means that All Team has a separate funding arrangement with Centennial Bank to secure the capital it needs to provide financing to its franchisees. As an All Team franchisee, you are not a direct party to the Centennial Agreement, but it indirectly affects you because it enables All Team to offer you financing options.
If there is any conflict between the Funding Agreement and the Centennial Agreement, the Centennial Agreement shall control to the extent of any inconsistency. Centennial shall have no liability or obligation to the franchisee (USER) of any kind whatsoever.