Does the Amerispec Inspection Services FDD include a General Release as an exhibit?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: Receipts]
FDD EXHIBIT H
GENERAL RELEASE
(i) , a [state] [individual or type of entity] with a principal address at ("Franchisee"); (ii) address , a [state] [individual or type of entity] with a principal [and at , a [state] [individual or type of entity] with a principal address at] ("Owners"); and, if applicable, (iii) , a [state] [individual or type of entity] with a principal address at ("Transferee"). RECITALS TCB AMERISPEC, LLC ("Franchisor") and Franchisee are parties to the following Franchise Agreements (collectively, the "Franchise Agreements"): Date of Agreement Franchise Agreement Number(s) (check one): Franchisee, Owners, and (if applicable) Transferee are executing this Release as a condition of (i) Franchisor consenting to a transfer of any interest in the Franchise Agreement or Franchisee's business or entity; (ii) the Franchise Agreement. Franchisor agreeing to enter into a successor Franchise Agreement with Franchisee; or (iii) Franchisor agreeing to amend the Franchise Agreement or waive any of its rights under AGREEMENT
In consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, it is hereby agreed as follows:
1. Release by Franchisee, Transferee, and Owners. Franchisee and Transferee (on behalf of themselves and their parents, subsidiaries, and affiliates and their respective past and present officers,
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to the 2025 Amerispec Inspection Services FDD, Exhibit H is a General Release. Item 23 lists the exhibits included in the franchise disclosure document, and Exhibit H is explicitly identified as the General Release.
The General Release outlines the conditions under which the franchisee, any owners, and any potential transferees execute the release. These conditions include situations where Amerispec Inspection Services consents to a transfer of interest in the Franchise Agreement, agrees to enter into a successor Franchise Agreement with the franchisee, or agrees to amend the Franchise Agreement or waive any of its rights.
The agreement section of the General Release specifies that in consideration of the outlined conditions and other valuable considerations, the franchisee and transferee release Amerispec Inspection Services from any claims. This is a standard legal document used to protect the franchisor from potential future liabilities or disputes arising from the franchise relationship, especially during transfers or amendments to the franchise agreement.