factual

On what date was the Guarantee of Performance signed for the Amerispec Inspection Services franchise?

Amerispec_Inspection_Services Franchise · 2025 FDD

Answer from 2025 FDD Document

For value received, TCB Services HoldCo, LLC, a Delaware limited liability company (the "Guarantor"), located at 3060 Peachtree Road, NW, Suite 201, Atlanta, Georgia 30305 absolutely and unconditionally guarantees to assume the duties and obligations of TCB AmeriSpec, LLC, located at 57 Germantown Court, Suite 201, Cordova, Tennessee 38018 (the "Franchisor"), under its franchise registration in each state where the franchise is registered, and under its Franchise Agreement identified in its AmeriSpec Inspection Services Franchise Disclosure Document, as it may be amended, and as that Franchise Agreement may be entered into with franchisees and amended, modified or extended from time to time. This guarantee continues until all such obligations of the Franchisor under its franchise registrations and the Franchise Agreement are satisfied or until the liability of Franchisor to its franchisees under the Franchise Agreement has been completely discharged, whichever first occurs. The Guarantor is not discharged from liability if a claim by a franchisee against the Franchisor remains outstanding. Notice of acceptance is waived. The Guarantor does not waive receipt of notice of default on the part of the Franchisor. This guarantee is binding on the Guarantor and its successors and assigns.

Signed at MEMPHTS , TENNESSEE , on APRI 30, 2025 [Insert City Above] [Insert State Above] [Insert Date Above]

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

What This Means (2025 FDD)

According to the 2025 Amerispec Inspection Services Franchise Disclosure Document, the Guarantee of Performance was signed on April 30, 2025, in Memphis, Tennessee. This guarantee is provided by TCB Services HoldCo, LLC, the Guarantor, to ensure the obligations of TCB AmeriSpec, LLC, the Franchisor, are met under the franchise registration and Franchise Agreement.

The Guarantee of Performance remains in effect until all obligations of Amerispec Inspection Services under its franchise registrations and the Franchise Agreement are satisfied or until the liability of the Franchisor to its franchisees under the Franchise Agreement has been completely discharged. This ensures that franchisees have a financial safety net should the franchisor default.

This guarantee is binding on TCB Services HoldCo, LLC, and its successors and assigns, providing long-term security for the franchisees. The Guarantor does not waive receipt of notice of default on the part of the Franchisor, ensuring they are informed of any potential issues. This arrangement is designed to protect the franchisees' interests by ensuring the franchisor's obligations are upheld, backed by a financially responsible entity.

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.