Who are the parties involved in the Assignment and Consent to Assignment of Franchise for Beehive Homes?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Assignment and Consent to Assignment of Franchise to a | ||
|---|---|---|
| [Corporation/Partnership/Limited Liability Company], dated, 2025 | ||
| ("Assignment"), is by and among | "Assignor"); [Corporation/Partnership/LLC Name], a [corporation/partnership/limited liability company] ("Assignee"); and those | BEE HIVE HOMES, INC., a Utah corporation ("Bee Hive Homes"); and (collectively, the |
| [shareholders/partners/members] | of Assignee (individually ["Shareholder"/"Partner"/"Member"] and collectively ["Shareholders"/"Partners"/"Members"]) listed on Exhibit A attached hereto and | |
| incorporated herein by reference. | Recitals | |
| (the "Franchise"). | A. Bee Hive Homes or its predecessor in interest issued to Assignor or its predecessor(s) in interest a Franchise Agreement dated (the "Franchise Agreement"), for the Bee Hive Homes Franchise located at | |
| Assignee. | B. Assignor requests Bee Hive Homes' consent to transfer the rights in the Franchise to | |
| Homes' consent to this Assignment is required under the terms of the Franchise Agreement. Agreement | C. Assignor, Assignee, and [Shareholders/Partners/Members] acknowledge that Bee Hive | |
| as follows: | The parties, intending to be legally bound and for good and valuable consideration, agree 1. The effective date of this Assignment is ("Effective Date"). |
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, the parties involved in the Assignment and Consent to Assignment of Franchise include the Assignor, the Assignee, Bee Hive Homes, Inc., and the shareholders/partners/members of the Assignee. The Assignor is the current franchisee transferring their rights. The Assignee is the party receiving the franchise rights. Bee Hive Homes, Inc., as the franchisor, must consent to the transfer. Depending on the structure of the Assignee (corporation, partnership, or LLC), the relevant equity holders are also parties to the agreement.
This assignment agreement outlines the responsibilities and restrictions placed upon all parties involved in the transfer of the Beehive Homes franchise. For example, the assignee is responsible for paying all fees and performing all obligations under the original franchise agreement. The assignor remains liable for any breaches of the franchise agreement, even after the assignment. This dual liability ensures that Beehive Homes has recourse should any issues arise post-transfer.
Furthermore, the agreement stipulates that without prior written consent from Beehive Homes, the assignor, assignee, and their equity holders cannot make further transfers or assignments of the franchise, pledge or encumber the franchise, or alter equity interests in the assignee. These restrictions protect Beehive Homes' interests by maintaining control over who operates their franchises and preventing unauthorized changes to the franchise structure.
Prospective franchisees of Beehive Homes should carefully review the assignment agreement to understand their obligations and the franchisor's rights in the event of a transfer. Understanding these conditions is crucial for both those selling and those buying a Beehive Homes franchise, as it ensures compliance and protects the interests of all parties involved.