Who are considered third-party beneficiaries of the Amerispec Inspection Services agreement regarding alternative dispute resolution?

According to Amerispec Inspection Services's 2025 Franchise Disclosure Document, the alternative dispute resolution agreement considers both Franchisee Related Parties and Company Related Parties as third-party beneficiaries. Franchisee Related Parties include the franchisee, its affiliates, its owners, and their respective officers, directors, and employees. Company Related Parties encompass the company, its affiliates, and their respective officers, directors, owners, and employees.

This designation means that all parties involved in the franchise relationship, including owners, employees, and affiliates, are bound by and can benefit from the alternative dispute resolution procedures outlined in the agreement. This ensures that disputes are handled consistently and fairly across all levels of the organization.

The alternative dispute resolution procedures include informal negotiation and mediation. These processes aim to resolve disputes efficiently and cost-effectively before resorting to litigation. However, certain disputes, such as those relating to the use of the Name and Marks, intellectual property, confidential information, covenants, and payment of sums owed, are excepted from these procedures and may be resolved through litigation.