What does the All Team USER appoint ATFC to do as their attorney-in-fact?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
USER hereby appoints ATFC as its true and lawful attorney-in-fact to perform all Services as specified in this Funding Agreement.
USER hereby appoints ATFC as its lawful agent and attorney-in-fact with full authority to do any and all lawful things necessary for the fulfillment of this Funding Agreement, including the following in order to collect the Accounts Receivable:
- A.
Invoicing Customers.
Pursuant to the Processing Agreement and the Franchise Agreement, ATFC will generate and mail or email invoices to Customers from information provided by USER with instructions to the Customer to remit payment to All Team Franchise Corporation, 500 N.
West Shore Boulevard, Suite 300, Tampa, FL 33609 or such other address as ATFC may designate in writing.
Source: Item 23 — RECEIPT (FDD pages 34–161)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the USER appoints ATFC as their attorney-in-fact to perform all Services as specified in the Funding Agreement. Additionally, the USER appoints ATFC as their lawful agent and attorney-in-fact with full authority to do any and all lawful things necessary for the fulfillment of this Funding Agreement, including invoicing customers in order to collect the Accounts Receivable.
This means that All Team franchisees grant ATFC the power to act on their behalf in specific financial and operational matters related to the funding agreement. This includes managing invoices and collecting accounts receivable. ATFC will generate and send invoices to the franchisee's customers, instructing them to make payments directly to All Team Franchise Corporation.
This arrangement gives All Team significant control over the financial aspects of the franchise, ensuring that payments are directed to them for services rendered. The franchisee must provide all necessary information to ATFC to facilitate this process. This arrangement is intended to streamline the invoicing and collection process, but franchisees should be aware that they are ceding control over these functions to All Team.
It is important for prospective franchisees to fully understand the scope of authority granted to All Team under this arrangement and how it may impact their business operations. They should also consider the implications of having customer payments directed to All Team and the potential for disputes or discrepancies in invoicing and collections.