Is All Team's right to interest in addition to any other remedies that All Team may have?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
ATFC's right to interest is in addition to any other remedies that ATFC may have.
Source: Item 22 — CONTRACTS (FDD pages 33–34)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, All Team's right to interest is in addition to any other remedies that All Team may have. This means that if a franchisee owes All Team money and All Team is entitled to charge interest on that overdue amount, All Team's ability to collect that interest does not limit or prevent them from pursuing any other legal or contractual remedies they might have against the franchisee.
For a prospective All Team franchisee, this clause emphasizes the importance of making timely payments and adhering to the financial obligations outlined in the franchise agreement. If a franchisee fails to pay on time, All Team can pursue multiple avenues for recourse, including charging interest and taking legal action.
This is a fairly standard clause in franchise agreements, designed to protect the franchisor's financial interests and ensure compliance with payment terms. Franchisees should be aware of all payment obligations and due dates to avoid triggering such remedies.