What specific documents related to customer invoices must the All Team USER provide to ATFC?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
ale and assignment of Customer Invoices to ATFC grants ATFC all of USER's rights, securities, guaranties and liens with respect to each Customer Invoice and all of USER's defenses and rights of offset with respect to any payments received by ATFC. These Customer Invoices, as a result of the sale to ATFC, become the accounts receivable of ATFC ("Accounts Receivable") and therefore ATFC shall not be obligated to, and shall not be liable for, exercising or refusing to exercise any rights granted to ATFC hereby. USER shall execute and deliver to ATFC assignments of the Customer Invoices, which will include, without limitation, copies of all original invoices, copies of the bills of lading, proofs of delivery, contracts or purchase orders, and/or purchase order numbers which correspond with such Customer Invoices, and time tickets or other proofs of service as may be required by ATFC. USER shall send the foregoing documentation to ATFC no later than noon Wednesday following the previous week.
- D. Purchase Price. The purchase price of each purchased Customer Invoice (the "Purchase Price") shall be Eighty percent (80%) of such Customer Invoice, less: (i) Funding Fee (as defined below); (ii) out-of-pocket expenses incurred by ATFC on behalf of USER; (iii) any adjustments for Late Accounts or Delinquent Accounts; (iv) any discounts made available or extended to the Customer;
Source: Item 23 — RECEIPT (FDD pages 34–161)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the All Team USER must provide ATFC with copies of all original invoices, bills of lading, proofs of delivery, contracts or purchase orders, purchase order numbers, and time tickets or other proofs of service as may be required by ATFC. The USER must send this documentation to ATFC no later than noon on Wednesday following the previous week.
ATFC also has the right to request any information or documents related to each invoice at its discretion. If the USER fails to provide copies of invoices or other documentation when requested by ATFC, the Account Receivable reflected by the invoice will revert back to the USER, and ATFC will not bear any credit risk related to that Account Receivable.
Furthermore, the USER must submit timecards or related reporting to ATFC weekly, no later than noon on Wednesday based on the prior week, so that ATFC can match them with each invoice. Failure to provide invoices and timecards in a timely manner will result in a fine of $1,000 for the first violation, $2,500 for the second violation, and $5,000 for the third and each subsequent violation.