factual

How many days does an Amerispec Inspection Services franchisee have to cure any levy on the Franchise Agreement?

Amerispec_Inspection_Services Franchise · 2025 FDD

Answer from 2025 FDD Document

  • 19.2.12 A levy of execution has been made upon the license granted under the Franchise Agreement and it is not discharged within 5 days of such levy;

Source: Item 17 — Renewal, Termination, Transfer and Dispute Resolution. (FDD pages 36–39)

What This Means (2025 FDD)

According to the 2025 Amerispec Inspection Services Franchise Disclosure Document, a franchisee has 5 days to discharge a levy of execution made upon the license granted under the Franchise Agreement. This means that if a legal judgment or claim results in a levy (seizure) against the franchisee's rights to operate under the franchise agreement, the franchisee must resolve the issue within 5 days to avoid further action by Amerispec Inspection Services.

This short cure period highlights the importance of franchisees maintaining sound financial and legal standing. Failure to address a levy within this timeframe could lead to the termination of the franchise agreement. Franchisees should have contingency plans in place to handle potential legal or financial issues that could result in a levy.

It is important for prospective franchisees to understand the implications of this clause and ensure they have sufficient resources and legal support to address any potential levies promptly. This requirement is stricter than the 30-day cure period provided for some other failures, indicating the seriousness with which Amerispec Inspection Services views such legal encumbrances on the franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.