Under what agreements does All Team provide funding and processing services?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
ranchise Agreement – paragraph II.C);
- g. Continue to provide you funding and processing services so long as the Funding Agreement and Processing Agreement are in effect. We reserve the right to cease providing these services so long as we find another vendor to do so. (Franchise Agreement – paragraph VIII.F);
- h. Continue to provide you access to the Software.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 18–23)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, All Team provides funding and processing services to its franchisees as long as the Funding Agreement and Processing Agreement remain in effect. All Team retains the right to discontinue these services, provided they secure another vendor to fulfill these functions. Additionally, All Team provides invoicing services to the franchisee's customers under the Processing Agreement.
This arrangement is significant for prospective All Team franchisees because it outlines the conditions under which All Team will provide essential financial support and processing capabilities. The franchisee's reliance on these services is contingent upon maintaining both the Funding Agreement and Processing Agreement. The fact that All Team can cease providing these services if they find another vendor introduces a potential risk, as the franchisee may be forced to adapt to a new system or vendor if All Team makes such a change.
It is important for potential franchisees to carefully review the terms of the Funding Agreement and Processing Agreement to understand their rights and obligations, as well as the conditions under which All Team can terminate these services. Understanding the stability and potential changes to these agreements is crucial for the franchisee's financial planning and operational continuity.