By what day of the month are royalty payments due to Amerispec Inspection Services?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
- 5.2 Due Date; Interest.
All monthly payments required by this Paragraph 5 and Paragraph 6 shall be paid to the Company by the day each month specified by the Company in the manuals or otherwise in writing for the preceding calendar month, and shall be submitted to the Company together with any monthly reports required under this Agreement.
Any payment or report not actually received by the Company on or before such date shall be deemed overdue.
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services's 2025 Franchise Disclosure Document, royalty payments are due to the company each month. The specific due date is determined by the company and communicated in the manuals or in writing. These payments cover the preceding calendar month's royalties.
In addition to royalties, any other monthly payments outlined in Paragraph 5 and Paragraph 6 of the franchise agreement also adhere to this due date. Franchisees must also submit any required monthly reports along with their payments.
Amerispec Inspection Services considers any payment or report not received by the specified date as overdue. Therefore, it is crucial for prospective franchisees to clarify the exact due date for royalty payments with Amerispec Inspection Services to avoid late fees or other penalties.