What is the date referenced for the Guaranty and Assumption of Obligations under the Franchise Agreement for Beehive Homes?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, the Guaranty and Assumption of Obligations Under Franchise Agreement is referenced as being given this day of, 2025. This agreement is made in consideration of the execution of the franchise agreement dated 2025.
This agreement ensures that the guarantor will cover the franchisee's financial and performance obligations to Beehive Homes. It means that if the franchisee fails to pay or perform as required by the Franchise Agreement, the guarantor is legally bound to fulfill those obligations.
As a prospective franchisee, it's important to understand who can act as a guarantor and what their responsibilities would be. Franchisees should carefully review the Guaranty and Assumption of Obligations Under Franchise Agreement with legal counsel to fully understand the implications before signing.