Can the Beehive Homes Guaranty include multiple signature pages?
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 | ||
| amendments, renewals, addenda, supplemental agreements and assignments, as the "Franchise | ||
| Agreement") by and among BEE HIVE HOMES, INC. (the "Franchisor") and the parties | ||
| identified therein as the Franchisee (the "Franchisee"), and for other good and valuable | ||
| consideration, each of the undersigned, jointly and severally, for themselves, their heirs, legal | ||
| representatives, successors and assigns (hereinafter referred to individually | and collectively as | |
| "Guarantor" whether one or more) personally, unconditionally | and irrevocably guarantees to | |
| Franchisor, and its successors and assigns, (a) the full and prompt payment of all sums owed by | ||
| Franchisee to Franchisor and its Affiliates under the Franchise Agreement and otherwise relating | ||
| to the Home, including, but not limited to, all fees and charges, interest, default interest, all other | ||
| costs and fees and attorneys' fees incurred in connection with enforcement of the Franchise | ||
| Agreement; and (b) the performance of all other obligations of Franchisee arising under the | ||
| Franchise Agreement (collectively, the "Obligations"). This Guaranty | is primary to Guarantor | |
| and Guarantor will immediately, upon request of Franchisor, make payment in full of all amounts | ||
| due and owing to Franchisor and its Affiliates under the Franchise Agreement, and perform each | ||
| and every Obligation to Franchisor and its Affiliates under the Franchise Agreement. | ||
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
Based on the 2025 Beehive Homes Franchise Disclosure Document, the excerpt provided includes a sample Guaranty and Assumption of Obligations Under Franchise Agreement. This agreement, dated for the year 2025, is made by the undersigned in consideration of the execution of the franchise agreement between Bee Hive Homes, Inc. (the Franchisor) and the Franchisee. The Guarantor personally and unconditionally guarantees to the Franchisor the full and prompt payment of all sums owed by the Franchisee under the Franchise Agreement, as well as the performance of all other obligations of the Franchisee.
The Guaranty specifies that it is primary to the Guarantor, meaning the Guarantor is directly responsible for the Franchisee's obligations. Upon the Franchisor's request, the Guarantor must immediately make full payment of all amounts due and owing and perform every obligation under the Franchise Agreement. The document does not specify whether the Guaranty can include multiple signature pages.
Because the excerpt does not explicitly address whether the Guaranty can include multiple signature pages, it is important for a prospective Beehive Homes franchisee to seek clarification from the franchisor. Specifically, the franchisee should ask if there are any restrictions on the number of signature pages allowed for the Guaranty and if there are specific procedures to follow when multiple guarantors are involved, potentially requiring additional signature pages.