Is the Amerispec Inspection Services franchise agreement fully assignable by the company?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company reserves the right to assign its rights, title and interest in the Software to a third party designated by the Company or to replace the Software.
In such event, Franchisee may be required to enter into a separate computer software license agreement specified by AmeriSpec or the third-party supplier of the specific Software.
The Company has the right to designate a single source from whom Franchisee must purchase the Computer System, any software or hardware components thereof or associated service, and the Company or its affiliates may be that single source.
Upon 60 days written notice, Franchisee will be required to use and, at the Company's discretion, pay for all future updates, supplements, and modifications to the Computer System.
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to the 2025 Amerispec Inspection Services Franchise Disclosure Document, the company retains the right to assign its rights, title, and interest in the software used in the franchised business to a third party. This means Amerispec Inspection Services can transfer its ownership of the software to another entity.
If Amerispec Inspection Services assigns the software to a third party or replaces the software, franchisees may be required to enter into a separate computer software license agreement with Amerispec or the new third-party supplier. This could involve new terms and conditions for using the software.
Amerispec Inspection Services also has the right to designate a single source from whom franchisees must purchase the computer system, including software, hardware, and associated services. This single source may be Amerispec Inspection Services or its affiliates. Additionally, franchisees may be required to use and pay for all future updates, supplements, and modifications to the computer system, at the company's discretion, upon 60 days written notice. This gives Amerispec Inspection Services considerable control over the technology used in the franchise and the ability to change suppliers or require updates.