Does the Beehive Homes Guaranty extend to any negotiations related to the obligations guaranteed?

According to Beehive Homes' 2025 Franchise Disclosure Document, the Guaranty extends to negotiations related to the obligations guaranteed. Specifically, each Guarantor unconditionally agrees to pay all attorneys' fees and all costs and other expenses incurred in any collection or attempted collection of the Guaranty. This also applies to any negotiations relative to the obligations guaranteed or in enforcing the Guaranty against the Franchisee or Guarantor.

This means that if Beehive Homes incurs legal fees or other expenses while trying to collect on the Guaranty, during negotiations about the guaranteed obligations, or while enforcing the Guaranty, the Guarantor is responsible for covering those costs. This provision ensures that Beehive Homes can pursue its rights under the Guaranty without bearing the financial burden of legal action or negotiations.

For a prospective Beehive Homes franchisee, this highlights the importance of understanding the full scope of the Guaranty and the potential financial obligations it entails. Before signing the Guaranty, individuals should carefully consider their ability to cover not only the guaranteed obligations but also any legal fees or expenses that may arise during collection, negotiation, or enforcement efforts. It is advisable to seek legal counsel to fully understand the implications of this provision.