What is the significance of the 'My commission expires' field in the All Team receipt?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| ATFC: | USER |
|---|---|
| ALL TEAM FRANCHISE CORPORATION | |
| By: | By: |
| Brian | , |
| Hindman, Chief Executive Officer | |
| STATE OF | |
| ) | |
| ) | |
| COUNTY OF | |
| ) | |
| known, who, being by me duly sworn, did say that he is the Chief Executive Officer of All Team Franchise | On this day of, 20, before me appeared Brian Hindman, personally |
| Corporation, a corporation of the State of Florida, and that said instrument was signed on behalf of said | |
| corporation by authority of its board of directors, and said President acknowledged said instrument to be | |
| the free act and deed of said corporation. | |
| County and State aforesaid, the day and year first above written. | IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal in the |
| My commission expires: | Notary Public |
| STATE OF | |
| ) | |
| ) | |
| SS. |
Source: Item 23 — RECEIPT (FDD pages 34–161)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the 'My commission expires' field on the receipt relates to the notary public who is attesting to the signatures on the Funding Agreement. The Funding Agreement is between All Team Franchise Corporation (ATFC) and the franchisee (USER). The notary public is verifying that the persons signing the document are authorized to do so.
The receipt includes sections for both All Team and the franchisee to sign, along with spaces for a notary public to acknowledge the signatures. For All Team, Brian Hindman, as Chief Executive Officer, signs the document. The notary public then verifies Brian Hindman's identity and authority to sign on behalf of All Team. Similarly, the franchisee (USER) also signs the document, and their signature is notarized.
The 'My commission expires' field is where the notary public indicates the expiration date of their notary commission. This is a standard element of a notarization, confirming that the notary is currently authorized to perform notarizations. The presence of this field ensures that the notarization is valid and legally binding at the time of signing. This is important for the legality and enforceability of the Funding Agreement.
For a prospective All Team franchisee, this means ensuring that when signing the Funding Agreement, the notary public they use has a valid and unexpired commission. This detail is crucial for the legal validity of the document and protects the franchisee's interests by ensuring the agreement is properly executed and recognized.