Is a General Release included as an exhibit in the Amerispec Inspection Services Disclosure Document?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
This Disclosure Document contains the following contracts: Exhibit A – Franchise Agreement
Exhibit B to Franchise Agreement – Guaranty and Spousal Acknowledgement
Exhibit C to Franchise Agreement – Website Account License Agreement
Exhibit D to Franchise Agreement – Email Account License Agreement
Exhibit E to Franchise Agreement – Telephone Number Assignment
Exhibit F to Franchise Agreement – AmeriSpec® Management Software License Agreement
Exhibit F – State Addenda to Disclosure Document and Franchise Agreement
Exhibit H – General Release
Exhibit I – State Effective Dates and FDD Receipts
Source: Item 22 — Contracts (FDD pages 46–47)
What This Means (2025 FDD)
According to the 2025 Amerispec Inspection Services Franchise Disclosure Document, a General Release is included as an exhibit. Specifically, Exhibit H is listed as the General Release. This means that prospective franchisees will have access to this document as part of their review of the franchise agreement.
The inclusion of a General Release as an exhibit suggests that Amerispec Inspection Services may require franchisees to sign such a release under certain circumstances, such as when transferring their franchise. A general release typically involves the franchisee waiving certain rights or claims against the franchisor.
However, it's important to note that the enforceability of a general release can vary by state. For example, the addendum for California states that California Corporations Code 31512 voids a waiver of rights under the Franchise Investment Law. Similarly, the North Dakota addendum states that any provision requiring the franchisee to sign a release in a format designated by AmeriSpec is unenforceable. Therefore, prospective franchisees should carefully review the General Release and any applicable state addenda with legal counsel to understand their rights and obligations.