What happens to the Beehive Homes Franchise Agreement in the event of the death of the Assignor?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
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- All terms and conditions of the Franchise Agreement remain in full force and effect except as modified by this Assignment including, but not limited to, the terms and conditions of Paragraph 13.3(c) of the Franchise Agreement in the event of the death of Assignor.
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, the terms and conditions of the Franchise Agreement remain in full force and effect, except as modified by the assignment, including the terms and conditions of Paragraph 13.3(c) of the Franchise Agreement in the event of the death of the Assignor.
This means that if an existing Beehive Homes franchisee (the assignor) transfers their franchise to another party (the assignee), and then the assignor dies, the original Franchise Agreement continues to govern the relationship, with specific modifications outlined in Paragraph 13.3(c).
For a prospective franchisee, this highlights the importance of understanding Paragraph 13.3(c) of the Franchise Agreement, as it contains critical details about what happens to the franchise in the event of the assignor's death. It is important to review the Franchise Agreement carefully and seek legal counsel to fully understand the implications of this clause.