What is the All Team receipt's purpose regarding the user's actions?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
ALL TEAM FRANCHISE CORPORATION By:# EXHIBIT III
FRANCHISEE DISCLOSURE QUESTIONNAIRE
As you know, All Team Franchise Corporation (the "Franchisor") and you are preparing to enter into a Franchise Agreement for the operation of an All Team franchise. The purpose of this Questionnaire is to determine whether any statements of promises were made to you that the Franchisor has not authorized and that may be untrue, inaccurate or misleading. Please review each of the following questions and provide honest and complete responses to each question.
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 Franchisee Disclosure Questionnaire is to confirm that the franchisee is entering the agreement with full knowledge and understanding of its terms, and that no unauthorized promises or misrepresentations have been made. The questionnaire serves as a verification tool for All Team to ensure transparency and compliance in its franchising process.
The questionnaire covers several key areas, including whether the franchisee has received and reviewed the Franchise Agreement and the Franchise Disclosure Document (FDD). It also confirms whether the franchisee signed a receipt for the FDD, indicating the date of receipt, and whether they received a completed copy of the Franchise Agreement. These questions aim to establish that the franchisee had ample opportunity to examine the documents before committing to the franchise.
Furthermore, the questionnaire addresses whether the franchisee had the opportunity to discuss the benefits and risks of operating an All Team franchise with professional advisors, such as an attorney or accountant. It also seeks to confirm the franchisee's understanding that their success depends on their skills, market conditions, and other economic factors. Finally, it verifies whether any unauthorized statements or promises were made regarding potential earnings or the likelihood of success, beyond what is disclosed in Item 19 of the FDD. This helps All Team ensure that franchisees are not misled by overly optimistic or unsubstantiated claims.
By using this questionnaire, All Team aims to mitigate potential disputes and ensure that franchisees are well-informed and aware of the realities of operating a franchise. It also protects All Team from liability arising from unauthorized representations made by its employees or representatives.