What paragraphs in the Amerispec Inspection Services Franchise Agreement outline the franchisee's responsibilities regarding fees?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
- 8.6 Convention.
The Company has the right to periodically conduct, and Franchisee (or an approved representative) shall attend, a convention or seminar for all AmeriSpec franchisees.
Franchisee shall pay the Company a convention fee whether or not Franchisee attends the convention held by the Company.
- 8.7 Additional Programs.
The Company may, from time to time, provide additional programs and services to the Franchisee.
Unless otherwise approved by the Company, the Franchisee is required to participate in all such additional programs in accordance with procedures established from time to time by the Company.
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- Fees and Payment. Franchisee will pay AmeriSpec an initial license fee of $300, which will be pro-rated for Franchisee's first year of operation. On June 1 of each year, Franchisee shall pay an annual renewal fee of $300. AmeriSpec reserves the right to periodically increase the renewal fee by a reasonable amount to reflect the Company's increased costs of providing services (including those provided by third parties) and Software access under this Agreement.
The AMS (AmeriSpec Management System) is an online business management tool that allows you to have all your needed information and automated processes in place. The AMS allows us to market, schedule, and communicate with your customers. You must sign a license agreement with us for use of this software, which is included as Exhibit G to the Franchise Agreement. Currently, you will pay us an initial license fee of $300 per license (which is included in your Marketing and Technology Bundle) and an annual technology fee of $55 per month, not to exceed $150 per month, for this software. The fee will be pro-rated for your first year of operation. For each year thereafter, the fee will be payable on June 1.
For each year thereafter, an annual service fee that varies per license per inspector must be paid to the Company's approved vendor, depending on the method of payment.
New releases of the Software may be provided at additional cost and may be contingent upon execution of a new software license agreement by Franchisee.
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 9 — Franchisee's Obligations (FDD page 23)
What This Means (2025 FDD)
According to the 2025 Amerispec Inspection Services Franchise Disclosure Document, several paragraphs within the agreement outline the franchisee's responsibilities regarding fees. Specifically, paragraph 8.6 discusses convention fees, stating that franchisees must pay a convention fee whether or not they attend the convention held by the company. Paragraph 8.7 states that franchisees are required to participate in additional programs and services provided by Amerispec Inspection Services, implying potential fees associated with these programs.
Paragraph 3 within the agreement details fees and payment terms related to the AmeriSpec Management System (AMS) software. Franchisees will pay an initial license fee of $300, which is pro-rated for the first year, and an annual renewal fee of $300 due on June 1st of each year. Amerispec Inspection Services retains the right to increase the renewal fee to reflect increased costs of providing services and software access.
Item 11 also mentions the AMS software, stating that franchisees will pay an initial license fee of $300 (included in the Marketing and Technology Bundle) and an annual technology fee of $55 per month, not to exceed $150 per month. This fee is also pro-rated for the first year and payable on June 1st each year. Additionally, Item 23 mentions that for each year thereafter, an annual service fee that varies per license per inspector must be paid to the Company's approved vendor, depending on the method of payment. New releases of the Software may be provided at additional cost and may be contingent upon execution of a new software license agreement by Franchisee. 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.