Can Amerispec Inspection Services require the assignee to sign the then-current version of the franchise agreement?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
one-half of the beneficial interest in the Franchise or the Franchised Business, provided such assignment is not part of a series of assignments intended to evade this provision, and further provided that:
- 16.2.2.1The assignee shall enter into a written agreement with the Company, in a form satisfactory to the Company, assuming and/or guaranteeing all of the Franchisee's obligations hereunder;
- 16.2.2.2Any defaults under this Agreement on the part of the Franchisee have been remedied;
- 16.2.2.3The assignee shall demonstrate to the Company's satisfaction that it meets the Company's then-current standards for AmeriSpec franchisees;
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services's 2025 Franchise Disclosure Document, an assignee—the party to whom a franchise is transferred—must enter into a written agreement with Amerispec Inspection Services. This agreement must be in a form satisfactory to Amerispec Inspection Services, and it must assume or guarantee all of the franchisee's obligations under the existing franchise agreement.
In addition to signing an agreement, the assignee must demonstrate that they meet Amerispec Inspection Services's then-current standards for franchisees. The original franchisee also needs to have resolved any existing defaults under their franchise agreement before the assignment can proceed. Amerispec Inspection Services may also impose other reasonable conditions in connection with the assignment.
Furthermore, the assignee is required to update the Computer System of the Franchised Business to Amerispec Inspection Services's then-current standards. These stipulations ensure that the assignee is qualified, financially stable, and committed to upholding Amerispec Inspection Services's standards and operational requirements. This protects the brand and the network of existing franchisees.