What agreement must Beehive Homes franchisees require their resident manager and employees to execute?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
- 8.7. Conflict of Interest. Franchisee covenants that for the duration of this Agreement: (a) neither it nor any Equity Owner shall be employed by or have any direct or indirect financial or ownership interest in any other business providing services of the type described in this Agreement or in the Manual unless such other business is operated pursuant to a franchise granted by Franchisor or its Affiliates; and (b) it will require its resident manager and all employees to execute Franchisor's standard Non-Competition and Non-Disclosure Agreement, signed copies of which will be forwarded by Franchisee to Franchisor within one (1) week after execution or upon the date of employment, whichever is sooner.
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, franchisees must ensure that their resident manager and all employees execute Beehive Homes' standard Non-Competition and Non-Disclosure Agreement. This agreement is designed to protect Beehive Homes' interests by preventing employees and managers from engaging in activities that could compete with or disclose confidential information about the franchise.
Franchisees are required to forward signed copies of these agreements to Beehive Homes within one week of execution or upon the date of employment, whichever comes first. This requirement ensures that Beehive Homes has a record of these agreements and can enforce them if necessary.
The Non-Competition and Non-Disclosure Agreement is a common practice in franchising to safeguard trade secrets, customer lists, and other proprietary information. By requiring all employees and the resident manager to sign this agreement, Beehive Homes aims to maintain a consistent level of confidentiality and prevent potential conflicts of interest within its franchise network. This measure helps protect the brand's reputation and competitive advantage in the assisted living market.