What is the required action of the franchisee regarding their signature on the Beehive Homes agreement?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
State Specific Addenda
I Effective Dates
J Receipts
Dated:, 2025 Signature - Prospective Franchisee Printed Name Sign and date this copy and retain for your files
EXHIBIT J RECEIPT
This Franchise Disclosure Document summarizes certain provisions of the franchise agreement and other information in plain language. Read this Franchise Disclosure Document and all agreements carefully. If Bee Hive Homes, Inc. offers you a franchise, it must provide this Franchise Disclosure Document to you at least 14 calendar days before you sign a binding agreement with, or make a payment to, Bee Hive Homes, Inc. or its affiliate in connection with the proposed franchise sale, or sooner if required by applicable state law.
If Bee Hive Homes, Inc. does not deliver this Franchise Disclosure Document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, DC 20580 and the state agency listed on Exhibit A.
The name, principal business address, and telephone number of each franchise seller offering the franchise is set forth in Item 22.
Issue Date: April 28, 2025.
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, as part of Exhibit J Receipt, a prospective franchisee is required to sign and date a copy of the receipt and retain it for their files. Additionally, the franchisee must sign and date another copy of the receipt and return it to Beehive Homes. This confirms that the franchisee received the Franchise Disclosure Document (FDD).
This receipt serves as an acknowledgment that the franchisee has received and reviewed the FDD, which contains important information about the Beehive Homes franchise opportunity. By signing the receipt, the franchisee confirms they have been provided with the document at least 14 calendar days before signing a binding agreement or making any payments to Beehive Homes, as required by federal law. This waiting period allows potential franchisees to carefully consider the opportunity and seek professional advice if needed.
The FDD includes exhibits such as state franchise administrators, lists of franchised homes, financial statements, the franchise agreement, and other relevant documents. The signature on the receipt is a formal acknowledgement that these exhibits were included in the FDD provided to the prospective franchisee. This process helps ensure transparency and protects both the franchisor and franchisee by documenting the exchange of critical information.