What must a Beehive Homes franchisee deliver to the franchisor upon termination or expiration?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
nation or Expiration. Upon occurrence of an Event of Default, termination, Election Not to Renew or expiration of this Agreement for any reason, the Franchisee shall cease to be a licensed franchisee of Franchisor and Franchisee hereby covenants:
- (a) To pay to Franchisor all fees and other charges owed or accrued to Franchisor on or before the first day of the month following the date of termination or expiration;
- (b) To pay to Franchisor a cancellation fee in the amount of Ten Thousand Dollars ($10,000.00);
- (c) Not to hold itself out as a franchisee of Franchisor and to cease all use of the Names and Marks, Trade Secrets and Copyrighted Materials;
- (d) To deliver and surrender up to Franchisor each and all of the Names and Marks, and any physical objects bearing or containing any of the Names and Marks, or, at
Franchisor's election, to obliterate or destroy any Names and Marks in Franchisee's possession;
- (e) To take all necessary steps to disassociate itself from Franchisor, including, but not limited to, the removal of signs, destruction of letterhead, disconnecting of all telephone numbers listed under any of the Names or Marks or under any confusingly similar name and, upon Franchisor's request, transferringallsuch numbers and listings to Franchisor or its designee;
- (f) To take such action as shall be necessary to amend or cancel any assumed name, business name or equivalent registration which contains any Names or Marks;
- (g) To cease all operations at the Location;
- (h) To furnish evidence satisfactoryto Franchisor of compliancewith this Section within the thirty (30) calendar days after the termination or expiration under this Agreement; and
- (i) If Franchisee fails to promptly complete any of the foregoing steps, Franchisee hereby irrevocably appoints Franchisor as its attorney-in-fact to complete the foregoing steps for and on the beh
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, upon the termination or expiration of the Franchise Agreement, the franchisee must fulfill several obligations. The franchisee must pay all outstanding fees and charges owed to Beehive Homes up to the first day of the month following the termination or expiration date. Additionally, the franchisee is required to pay a cancellation fee of $10,000.00.
Furthermore, the franchisee must cease representing themselves as a Beehive Homes franchisee and discontinue all use of the brand's Names and Marks, Trade Secrets, and Copyrighted Materials. The franchisee is obligated to deliver and surrender all Names and Marks, along with any physical items bearing or containing these Names and Marks, to Beehive Homes. Alternatively, at Beehive Homes' discretion, the franchisee must obliterate or destroy any Names and Marks in their possession.
The franchisee must also take necessary steps to disassociate from Beehive Homes, including removing signs, destroying letterhead, and disconnecting telephone numbers listed under the brand's Names or Marks. Upon request from Beehive Homes, the franchisee must transfer these telephone numbers and listings to Beehive Homes or its designee. The franchisee is required to amend or cancel any assumed name, business name, or equivalent registration containing any of the Names or Marks. The franchisee must cease all operations at the Location and furnish satisfactory evidence of compliance with these requirements within 30 calendar days after termination or expiration. If the franchisee fails to complete these steps, Beehive Homes is irrevocably appointed as the franchisee's attorney-in-fact to complete them on the franchisee's behalf.