Does Amerispec Inspection Services waives any rights by accepting increased royalties during a month-to-month holdover?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
If Franchisee fails to fully and completely execute the Renewal Franchise Agreement and general release and complete the renewal process within sixty (60) days of the commencement of a monthto-month holdover, then effective immediately thereafter, the monthly Royalties payable under Paragraph 5.1 shall increase by an amount equal to 2.5% of Gross Receipts during each month that Franchisee does not renew until the Agreement is either renewed or terminated.
By accepting any increased Royalties, the Company does not waive any of its rights and remedies under this Agreement including, without limitation, the right to terminate this Agreement pursuant to its terms and all such rights and remedies shall be cumulative o
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services's 2025 Franchise Disclosure Document, the company does not waive any rights or remedies by accepting increased royalties during a month-to-month holdover period.
Specifically, if a franchisee fails to execute the Renewal Franchise Agreement and general release within sixty days of starting a month-to-month holdover, the monthly royalties increase by 2.5% of Gross Receipts. This increase remains in effect each month until the agreement is either renewed or terminated.
The FDD clearly states that Amerispec Inspection Services's acceptance of these increased royalties does not constitute a waiver of any of its rights or remedies under the agreement. This includes, but is not limited to, the right to terminate the agreement. All such rights and remedies are cumulative, meaning Amerispec Inspection Services retains all options available to them despite accepting the higher royalty payments. This provision protects Amerispec Inspection Services and ensures they can still enforce the original terms of the franchise agreement even while accepting increased royalties during a holdover period.