What action is the prospective franchisee required to take with the copy of Exhibit J of the Beehive Homes FDD?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
Dated:, 2025 Signature - Prospective Franchisee Printed Name Sign and date this copy and retain for your files
EXHIBIT J RECEIPT
This Franchise Disclosure Document summarizes certain provisions of the franchise agreement and other information in plain language. Read this Franchise Disclosure Document and all agreements carefully. If Bee Hive Homes, Inc. offers you a franchise, it must provide this Franchise Disclosure Document to you at least 14 calendar days before you sign a binding agreement with, or make a payment to, Bee Hive Homes, Inc. or its affiliate in connection with the proposed franchise sale, or sooner if required by applicable state law.
If Bee Hive Homes, Inc. does not deliver this Franchise Disclosure Document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, DC 20580 and the state agency listed on Exhibit A.
The name, principal business address, and telephone number of each franchise seller offering the franchise is set forth in Item 22.
Issue Date: April 28, 2025.
I received a Franchise Disclosure Document dated as of the Issue Date stated above that included the following Exhibits:
A State Franchise Administrators and Agents for Service of Process
B-1 List of Franchised Homes at December 31, 2024
B-2 List of Franchisees Ceasing Operations during 2024
C Financial Statements
D Franchise Agreement
E Guaranty and Assumption of Obligations of Franchise Agreement
F Assignment to Entity
G Table of Contents to Policy and Procedures Manual
H State Specific Addenda
I Effective Dates
J Receipts
Dated:, 2025 Signature - Prospective Franchisee Printed Name Sign and date this copy and return it to us
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, Exhibit J, also known as the Receipt, requires specific actions from the prospective franchisee. The franchisee must date and sign the copy of Exhibit J. After signing and dating, the franchisee is instructed to retain one copy for their personal records.
In addition to retaining a copy, the franchisee must also sign and date another copy of Exhibit J and return it to Beehive Homes. This dual requirement ensures that both the franchisee and Beehive Homes have a record of the franchisee's receipt of the FDD and its included exhibits.
This process is a standard practice in franchising, confirming that the franchisee received the FDD and acknowledges its contents. It also helps Beehive Homes document their compliance with disclosure requirements, which are mandated by federal and state franchise laws. Failing to properly document receipt of the FDD could expose Beehive Homes to legal liabilities.