What does the Assignor request from Beehive Homes in Recital B?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Assignment and Consent to Assignment of Franchise to a | ||
|---|---|---|
| [Corporation/Partnership/Limited Liability Company], dated, 2025 | ||
| ("Assignment"), is by and among | "Assignor"); [Corporation/Partnership/LLC Name], a [corporation/partnership/limited liability company] ("Assignee"); and those | BEE HIVE HOMES, INC., a Utah corporation ("Bee Hive Homes"); and (collectively, the |
| [shareholders/partners/members] | of Assignee (individually ["Shareholder"/"Partner"/"Member"] and collectively ["Shareholders"/"Partners"/"Members"]) listed on Exhibit A attached hereto and | |
| incorporated herein by reference. | Recitals | |
| (the "Franchise"). | A. Bee Hive Homes or its predecessor in interest issued to Assignor or its predecessor(s) in interest a Franchise Agreement dated (the "Franchise Agreement"), for the Bee Hive Homes Franchise located at | |
| Assignee. | B. Assignor requests Bee Hive Homes' consent to transfer the rights in the Franchise to |
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, Recital B of the Assignment and Consent to Assignment of Franchise agreement outlines the assignor's request. Specifically, the assignor is requesting Beehive Homes' consent to transfer the rights in the franchise to the assignee.
This request is a crucial step in the assignment process, as the assignor cannot transfer the franchise rights without the franchisor's approval. This requirement protects Beehive Homes' interests by ensuring that any new franchisee (the assignee) meets their standards and is capable of operating the franchise successfully.
For a prospective franchisee, this highlights the importance of understanding the assignment process and the franchisor's role in approving any transfer of ownership. It also emphasizes the need to maintain a good relationship with Beehive Homes, as their consent is necessary for any future sale or transfer of the franchise.