What records of the Shareholder/Partner/Member can Beehive Homes examine?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
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- At anytime during normal business hours, Bee Hive Homes may examine and copy any of Assignor's, Assignee's, or any [Shareholder's/Partner's/Member's] records, books, financial records, tax returns, or other documents for the purpose of insuring compliance with the Franchise Agreement and this Assignment.
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, Beehive Homes retains the right to examine certain records of the Assignor, Assignee, or any Shareholder/Partner/Member. This is to ensure compliance with the Franchise Agreement and the Assignment.
Specifically, Beehive Homes can examine and copy records, books, financial records, tax returns, or other documents. This provision enables Beehive Homes to monitor the franchisee's adherence to the terms of the franchise agreement and assignment terms.
This right of examination is exercisable at any time during normal business hours, providing Beehive Homes with ongoing oversight capabilities. It is a standard practice in franchising to allow the franchisor access to financial and operational records to protect the brand and ensure compliance across all franchise locations.
Prospective franchisees should be aware that this clause grants Beehive Homes broad access to sensitive financial and business information. Franchisees should maintain meticulous records and ensure compliance with all requirements to avoid potential issues arising from these examinations.