factual

What is the cure period for an Amerispec Inspection Services franchisee to discharge a levy of execution?

Amerispec_Inspection_Services Franchise · 2025 FDD

Answer from 2025 FDD Document

  • 19.2.12 A levy of execution has been made upon the license granted under the Franchise Agreement and it is not discharged within 5 days of such levy;

Source: Item 23 — Receipts (FDD pages 47–172)

What This Means (2025 FDD)

According to the 2025 Amerispec Inspection Services Franchise Disclosure Document, an Amerispec Inspection Services franchisee has 5 days to discharge a levy of execution made upon the license granted under the Franchise Agreement.

This means that if a legal judgment results in a levy (seizure) of the franchisee's rights to operate under the Amerispec Inspection Services franchise, the franchisee must resolve the issue within 5 days to avoid further action by Amerispec Inspection Services. Failure to do so could lead to termination of the franchise agreement.

This short cure period highlights the importance of franchisees maintaining sound financial and legal standing. Franchisees should be aware of this requirement and take immediate action if a levy of execution is made against their franchise license to protect their investment and business operations.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.