What is the purpose of the All Team franchise receipt?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
Please sign this copy of the receipt, date your signature, and return it to All Team Franchise Corporation, 500 North West Shore Boulevard, Suite 300, Tampa, FL 33609, 813-440-4012.
RECEIPT
This disclosure document summarizes provisions of the franchise agreement and other information in plain language. Read this disclosure document and all agreements carefully.
If All Team Franchise Corporations offers you a franchise, we must provide this disclosure document to you 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale. Under Iowa law, if applicable, we must provide this disclosure document to you at your 1st personal meeting to discuss the franchise or 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale. Under Michigan law, if applicable, we must provide this disclosure document to you at least 10 business days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale. Under New York, or Rhode Island law, if applicable, we must provide this disclosure document to you at the earliest of your 1st personal meeting to discuss the franchise or 10 business days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale.
If All Team Franchise Corporation does not deliver this disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the appropriate state agency identified in Exhibit I.
The name, principal business address and telephone number of each franchise seller offering the franchise: Brian Hindman, All Team Franchise Corporation 500 North West Shore Boulevard, Suite 300, Tampa, FL 33609, 813-440-4012.
Date of Issuance: April 30, 2025
See Exhibit I for our registered agents authorized to receive service of process. I have received a disclosure document dated April 30, 2025, that included the following Exhibits:
Source: Item 23 — RECEIPT (FDD pages 34–161)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the purpose of the franchise receipt is to acknowledge that the disclosure document summarizes the franchise agreement and other information in plain language. The receipt confirms that All Team provided the disclosure document to the prospective franchisee within the legally required timeframe. This timeframe is generally 14 calendar days before signing a binding agreement or making a payment. However, specific state laws like those in Iowa, Michigan, New York, and Rhode Island may require earlier disclosure, such as at the first personal meeting or 10 business days before signing an agreement or making a payment.
The receipt also serves as an acknowledgement that the franchisee has received the Franchise Disclosure Document (FDD) and its exhibits. By signing the receipt, the franchisee confirms they have reviewed the Franchise Agreement and the FDD. The receipt also includes a questionnaire for the franchisee to confirm they had the opportunity to discuss the franchise with an advisor, understand the risks, and were not given unauthorized earnings claims.
Furthermore, the receipt informs the franchisee of their rights and recourse if the disclosure document was not delivered on time, contains false or misleading statements, or has material omissions. In such cases, the franchisee is advised to report the violation to the Federal Trade Commission and the appropriate state agency. The receipt includes the date of issuance of the disclosure document, which in this case is April 30, 2025, and directs the franchisee to Exhibit I for the contact information of All Team's registered agents authorized to receive service of process.