According to the Beehive Homes Franchise Agreement, what is the document referred to as?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
ER FRANCHISE AGREEMENT**
| THIS GUARANTY AND ASSUMPTION OF OBLIGATIONS UNDER FRANCHISE | ||
|---|---|---|
| AGREEMENT (the "Guaranty") is given this day of, 2025, by the undersigned: | ||
| 1. | In consideration of, and as an inducement to, the execution of the franchise agreement | |
| dated, 2025 (referred to in this Guaranty, together with all applicable | ||
| amendments, renewals, addenda, supplemental agreements and assignments, as the "Franchise | ||
| Agreement") by and among BEE HIVE HOMES, INC. (the "Franchisor") and the parties | ||
| identified therein as the Franchisee (the "Franchisee"), and for other good and valuable | ||
| consideration, each of the undersigned, jointly and severally, for themselves, their heirs, legal | ||
| representatives, successors and assigns (hereinafter referred to individually | and collectively as | |
| "Guarantor" whether one or more) personally, unconditionally | and irrevocably guarantees to | |
| Franchisor, and its successors and assigns, (a) the full and prompt payment of all sums owed by | ||
| Franchisee to Franchisor and its Affiliates under the Franchise Agreement and otherwise relating | ||
| to the Home, including, but not limited to, all fees and charges, interest, default interest, all other | ||
| costs and fees and attorneys' fees incurred in connection with enforcement of the Franchise | ||
| Agreement; and (b) the performance of all other obligations of Franchisee arising under the | ||
| Franchise Agreement (collectively, the "Obligations"). |
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to the 2025 Beehive Homes Franchise Disclosure Document, the Guaranty and Assumption of Obligations Under Franchise Agreement is referred to as the "Guaranty". This document is signed this day of, 2025.
The Guaranty is provided by the undersigned in consideration of, and as an inducement to, the execution of the franchise agreement dated 2025. This includes all applicable amendments, renewals, addenda, supplemental agreements and assignments, as the "Franchise Agreement" by and among Bee Hive Homes, Inc. (the "Franchisor") and the parties identified therein as the Franchisee (the "Franchisee").
Each of the undersigned, jointly and severally, for themselves, their heirs, legal representatives, successors and assigns (hereinafter referred to individually and collectively as "Guarantor" whether one or more) personally, unconditionally and irrevocably guarantees to Franchisor, and its successors and assigns, (a) the full and prompt payment of all sums owed by Franchisee to Franchisor and its Affiliates under the Franchise Agreement and otherwise relating to the Home, including, but not limited to, all fees and charges, interest, default interest, all other costs and fees and attorneys' fees incurred in connection with enforcement of the Franchise Agreement; and (b) the performance of all other obligations of Franchisee arising under the Franchise Agreement (collectively, the "Obligations"). This Guaranty is primary to Guarantor and Guarantor will immediately, upon request of Franchisor, make payment in full of all amounts.