Under what circumstances does Amerispec Inspection Services reserve the right to waive or amend any of the fees?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
Unless otherwise stated, all fees are uniformly imposed by, payable to or collected by, us, and are nonrefundable; however, we reserve the right to waive or amend any of the fees for circumstances we believe warrant a waiver or amendment, including but not limited to an underlying increase in costs we incur either directly or through the use of approved vendors. You must participate in our current electronic funds transfer and reporting program(s). For monthly fees, such as the Royalties and Advertising Contribution (the "Monthly Fees"), the fee must be reported by the 10th day of the month and paid electronically by the date specified by us following the month in which Gross Receipts are made (currently, the 20th day of the month) (the "Payment Due Date"). If you have not reported Gross Receipts for any reporting period, we will be authorized to debit your bank account (the "Account") in an amount equal to the greater of the non-reported payment (if we can reasonably estimate or determine the owed amount) or one hundred twenty percent (120%) of the Monthly Fees transferred from such Account for the last reporting period for which a report of Gross Receipts was provided to us. If at any time we determine that you have underreported Gross Receipts or underpaid any fees due to us under the Franchise Agreement, we will be authorized to immediately initiate a debit to the Account in the appropriate amount, including interest as provided for in this Agreement. An overpayment will be credited to the Account through a credit effective as of the first reporting date after we and you determine that such credit is due.
Source: Item 6 — Other Fees (FDD pages 14–18)
What This Means (2025 FDD)
According to Amerispec Inspection Services's 2025 Franchise Disclosure Document, all fees are generally imposed uniformly, payable to, and collected by Amerispec Inspection Services and are nonrefundable. However, Amerispec Inspection Services retains the right to waive or amend any of the fees if circumstances warrant it. This includes situations such as an underlying increase in costs that Amerispec Inspection Services incurs either directly or through the use of approved vendors.
This waiver or amendment provision offers a degree of flexibility, potentially benefiting franchisees if Amerispec Inspection Services experiences reduced costs or faces market conditions that justify fee adjustments. However, the decision to waive or amend fees is at Amerispec Inspection Services's discretion, meaning franchisees cannot count on such adjustments.
Franchisees should monitor any changes to vendor costs or other factors that could influence fee structures. Understanding the conditions under which Amerispec Inspection Services might consider a waiver or amendment can help franchisees anticipate and potentially discuss fee adjustments with the franchisor.