What condition is Beehive Homes' consent to the assignment subject to?
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 | |
| Homes' consent to this Assignment is required under the terms of the Franchise Agreement. Agreement | C. Assignor, Assignee, and [Shareholders/Partners/Members] acknowledge that Bee Hive | |
| as follows: | The parties, intending to be legally bound and for good and valuable consideration, agree 1. The effective date of this Assignment is ("Effective Date"). | |
| Agreement and this Assignment. | 2. Bee Hive Homes consents to this Assignment subject to the provisions of the Franchise | |
| Assignor in the Franchise to Assignee, subject to the provisions of the Franchise Agreement. | 3. On the Effective Date, Assignor assigns and transfers all the right, title, and interest of |
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to the 2025 Beehive Homes Franchise Disclosure Document, Beehive Homes' consent to the assignment of a franchise is subject to the provisions outlined in the Franchise Agreement. Specifically, Beehive Homes consents to the assignment, but this is conditional on adherence to all terms within the Franchise Agreement.
This means that a franchisee seeking to transfer their rights to another party must ensure that all conditions and requirements specified in the original Franchise Agreement are met. This includes, but is not limited to, maintaining all obligations, following specific operational procedures, and fulfilling financial responsibilities. The assignee, or the party receiving the franchise rights, must also comply with these provisions.
For a prospective Beehive Homes franchisee, this highlights the importance of thoroughly understanding the Franchise Agreement before considering any transfer of ownership. Failure to comply with the agreement's provisions could jeopardize the assignment and potentially lead to legal or financial repercussions. It also ensures that the brand standards and operational consistency of Beehive Homes are maintained even when ownership changes.