What is the deadline for a Beehive Homes franchisee to forward signed Non-Competition and Non-Disclosure Agreements to the franchisor?
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 are required to ensure that their resident manager and all employees execute the franchisor's standard Non-Competition and Non-Disclosure Agreement. The franchisee must then forward signed copies of these agreements to Beehive Homes within one week after execution or upon the date of employment, whichever occurs sooner.
This requirement ensures that Beehive Homes protects its business interests by preventing employees from engaging in activities that could compete with or disclose confidential information about the franchise. By mandating these agreements, Beehive Homes aims to maintain the integrity and uniformity of its operations across all franchised locations.
For a prospective franchisee, this means implementing a system to collect and forward these signed agreements promptly. Failing to comply with this requirement could potentially lead to a breach of the franchise agreement. Franchisees should be prepared to manage these administrative tasks efficiently to maintain good standing with Beehive Homes.