Does the Amerispec Inspection Services Franchise Disclosure Document have an addendum specific to the state of Illinois?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
ADDENDUM TO FRANCHISE DISCLOSURE DOCUMENT FOR THE STATE OF ILLINOIS
The following information applies to franchises and Franchisees subject to Illinois statutes and regulations. Item numbers correspond to those in the main body.
1. Cover Page.
The risk factors stated on this cover page may be affected by Illinois law, 815 ILCS §§ 705/4 and 705/41, pertaining to jurisdiction, venue and waiver of rights.
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- Item 17. The following statements are added to Item 17:
- A. Illinois law governs the Agreements.
- B. In conformance with Section 4 of the Illinois Franchise Disclosure Act, any provision in a franchise agreement that designates jurisdiction and venue in a forum outside of the State of Illinois is void. However, a franchise agreement may provide for arbitration to take place outside of Illinois.
- C. Section 41 of the Illinois Franchise Disclosure Act provides that any condition, stipulation or provision purporting to bind any person acquiring any franchise to waive compliance with the Illinois Franchise Disclosure Act or any other law of Illinois is void.
- D. Section 19 of the Illinois Franchise Disclosure Act sets forth the conditions and notice requirements for termination of a franchise agreement.
- E. Section 20 of the Illinois Franchise Disclosure Act sets forth the conditions of non-renewal of a franchise agreement, along with the compensation requirements.
- F. In conformance with section 41 of the Illinois Franchise Disclosure Act, any condition, stipulation or provision purporting to bind any person acquiring any franchise to waive compliance with the Illinois Franchise Disclosure Act or any other law of Illinois is void.
3. Item 21.
Item 21 is amended by adding the following language:
"You have not been provided with financial statements of the Franchisor. Therefore, you do not have knowledge of how this specific company has performed. The guarantor unconditionally guarantees the performance of the Franchisor,
however, and a copy of the Guaranty of Performance is on file with the Attorney General."
ADDENDUM TO FRANCHISE AGREEMENT FOR THE STATE OF ILLINOIS
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
Yes, according to the 2025 Amerispec Inspection Services Franchise Disclosure Document, there is an addendum specific to the state of Illinois. The document includes an "ADDENDUM TO FRANCHISE DISCLOSURE DOCUMENT FOR THE STATE OF ILLINOIS." This addendum contains information that applies to franchises and franchisees who are subject to Illinois statutes and regulations, with item numbers that correspond to those in the main body of the FDD.
Specifically, the Illinois addendum addresses several key legal considerations for franchisees in that state. It clarifies that Illinois law governs the franchise agreements and that any provision designating jurisdiction and venue outside of Illinois is void, although arbitration may occur outside the state. The addendum also references sections of the Illinois Franchise Disclosure Act related to conditions and notice requirements for termination and non-renewal of a franchise agreement.
Furthermore, the Illinois addendum modifies Item 21 of the FDD, noting that franchisees have not been provided with the franchisor's financial statements but that a Guaranty of Performance is on file with the Attorney General. There is also an "ADDENDUM TO FRANCHISE AGREEMENT FOR THE STATE OF ILLINOIS," which includes stipulations that Illinois law governs the agreement and reiterates the franchisee's rights under the Illinois Franchise Disclosure Act, ensuring that franchisees cannot waive compliance with Illinois law.