To which specific states do the addenda provided apply to the Amerispec Inspection Services franchise?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
ADDENDUM TO THE FRANCHISE DISCLOSURE DOCUMENT FOR THE STATE OF HAWAII
The following information applies to franchises and Franchisees subject to the Hawaii statutes. Item numbers correspond to those in the main body:
1. Cover Page
Risk Factors:
THESE FRANCHISES WILL BE/HAVE BEEN FILED UNDER THE FRANCHISE INVESTMENT LAW OF THE STATE OF HAWAII. FILING DOES NOT CONSTITUTE APPROVAL, RECOMMENDATION OR ENDORSEMENT BY THE DIRECTOR OF REGULATORY AGENCIES OR A FINDING BY THE DIRECTOR OF REGULATORY AGENCIES THAT THE INFORMATION PROVIDED HEREIN IS TRUE, COMPLETE AND NOT MISLEADING.
THE FRANCHISE INVESTMENT LAW MAKES IT UNLAWFUL TO OFFER OR SELL ANY FRANCHISE IN THIS STATE WITHOUT FIRST PROVIDING TO THE PROSPECTIVE FRANCHISEE, OR SUBFRANCHISOR, AT LEAST SEVEN DAYS PRIOR TO THE EXECUTION BY THE PROSPECTIVE FRANCHISEE OF ANY BINDING FRANCHISE OR OTHER AGREEMENT, OR AT LEAST SEVEN DAYS PRIOR TO THE PAYMENT OF ANY CONSIDERATION BY THE FRANCHISEE, OR SUBFRANCHISOR, WHICHEVER OCCURS FIRST, A COPY OF THE DISCLOSURE DOCUMENT, TOGETHER WITH A COPY OF ALL PROPOSED AGREEMENTS RELATING TO THE SALE OF THE FRANCHISE.
THIS OFFERING CIRCULAR CONTAINS A SUMMARY ONLY OF CERTAIN MATERIAL PROVISIONS OF THE FRANCHISE AGREEMENT. THE CONTRACT OR AGREEMENT SHOULD BE REFERRED TO FOR A STATEMENT OF ALL RIGHTS, CONDITIONS, RESTRICTIONS AND OBLIGATIONS OF BOTH THE FRANCHISOR AND THE FRANCHISEE.
REGISTERED AGENT IN THE STATE AUTHORIZED TO RECEIVE SERVICE OF PROCESS: COMMISSIONER OF SECURITIES OF STATE OF HAWAII, DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS, 335 MERCHANT STREET, ROOM 203, HONOLULU, HAWAII 96813.
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
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to the 2025 Amerispec Inspection Services Franchise Disclosure Document, the provided excerpts include addenda that apply specifically to the states of Hawaii and Illinois. These addenda contain information that supplements or modifies the standard franchise agreement to comply with the franchise laws and regulations of those states.
For a prospective Amerispec Inspection Services franchisee, this means that if they are considering opening a franchise in Hawaii or Illinois, they should pay close attention to the specific addendum for that state. The addendum will outline any state-specific requirements, disclosures, or modifications to the franchise agreement that they must be aware of. This could include variations in registration requirements, specific disclosures related to franchise laws, or modifications to contractual terms to comply with state regulations.
The Hawaii addendum, for example, includes a risk factors disclosure related to the state's franchise investment law, emphasizing that filing does not constitute approval or endorsement by the state. It also specifies the registered agent in Hawaii authorized to receive service of process. Similarly, the Illinois addendum indicates that the information provided applies to franchises subject to Illinois statutes and regulations. Franchisees should carefully review these addenda with their legal counsel to ensure full compliance with all applicable state laws and regulations.
It is important to note that franchise laws vary significantly from state to state, and franchisors often include state-specific addenda to their franchise agreements to address these differences. Prospective Amerispec Inspection Services franchisees should always consult with an experienced franchise attorney to understand the implications of these addenda and ensure they are fully compliant with the laws of the state in which they plan to operate.