What other obligations of the Franchisee are covered by the Beehive Homes Guaranty?
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"). |
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to the 2025 Beehive Homes Franchise Disclosure Document, the Guaranty covers the franchisee's performance of all obligations arising under the Franchise Agreement. This includes, but is not limited to, constructing, equipping, staffing, and owning one Home at the approved location, and opening the Home for operation no later than three years after the agreement's effective date. The franchisee must continuously operate the Home using the Beehive Homes system, names, and marks, adhering to the standards outlined in the agreement. This ensures courteous, uniform, high-quality service to the public throughout the term of the agreement. Franchisees have exclusive day-to-day control over their business operations, while Beehive Homes provides the standards to be followed.
Compliance with Beehive Homes' standards is a key obligation. Franchisees must adhere to specifications for all supplies, products, and services. Beehive Homes may require franchisees to purchase particular items meeting certain standards to maintain uniformity across all locations. Franchisees must also comply with the standards contained in the Manual, keeping state-specific portions current and up to date. The contents of the manual must be kept confidential, and all copies must be returned to Beehive Homes upon termination of the agreement.
Furthermore, franchisees must comply with all applicable federal, state, and local statutes, ordinances, rules, and regulations affecting the operation of their franchise. They must avoid any activity that violates these laws or could result in public criticism of the Beehive Homes system. The Guaranty ensures that these obligations are met, providing Beehive Homes with recourse if a franchisee fails to perform these duties. This comprehensive coverage protects Beehive Homes' brand standards and legal compliance across all franchise locations.