What is Exhibit 1 to the Bee Organized Franchise Agreement?
Bee_Organized Franchise · 2025 FDDAnswer from 2025 FDD Document
terms shall have the meanings set forth in the Franchise Agreement between Franchisor and Franchisee.
If Franchisee is a Corporate Entity, Franchisee represents and affirms to Franchisor that the following list identifies each and every Owner of Franchisee and their respective ownership interests. Owner Name Managing Owner: Franchisor: Owner Address Name of designated Bee Organized Enterprises, LLC Name and Title (please print) Name (please print)
Franchise Agreement Exhibit 1 Owner and Spouse Agreement and Guaranty
OWNER AND SPOUSE AGREEMENT AND GUARANTY
This Franchise Owner and Spouse Agreement and Individual Guaranty (the "Agreement") is individually entered into by you as either an owner of ____________________________ (hereinafter referred to as "Franchisee"), Franchisee, or the spouse of the owner of franchisee and is given and signed by you in favor of Bee Organized Enterprises, LLC, franchisor of the Bee Organized franchise system and in favor of Bee Organized Enterprises, LLC's successors and assigns, upon the terms and conditions set forth in this Agreement. In this Agreement Bee Organized Enterprises, LLC is referred to as "us", "our" or "we", and each individual that signs this Agreement is referred to as "you".
Recitals and Representations
WHEREAS, Franchisee has entered into a Bee Organized Franchise Agreement (the "Franchise Agreement") for the development and operation of a Bee Organized business (the "Franchised Business" or "Bee Organized Business") that offers and provides home and business organization services, life transition and moving assistance, and related concierge services (the "Approved Services and Products") under the Licensed Marks (defined below);
Source: Item 23 — RECEIPTS (FDD pages 54–218)
What This Means (2025 FDD)
According to Bee Organized's 2025 Franchise Disclosure Document, Exhibit 1 to the Franchise Agreement is the Owner and Spouse Agreement and Guaranty. This agreement is entered into by the owner of the franchise, or the spouse of the owner, in favor of Bee Organized Enterprises, LLC.
The Owner and Spouse Agreement and Guaranty means that both the owner and their spouse (if applicable) are personally guaranteeing the obligations of the franchise under the Franchise Agreement. This is a common practice in franchising, as it ensures that the franchisor has recourse to the personal assets of the franchisee and their spouse if the business fails to meet its financial or other obligations.
The FDD states that Bee Organized recommends that you thoroughly review the Franchise Agreement, this Agreement and all schedules and exhibits to the Franchise Agreement with a lawyer selected and hired by you. Prospective franchisees should carefully review this agreement with their legal counsel to fully understand the implications of providing a personal guaranty.