factual

Has Beehive Homes reviewed any trust documents of any Shareholder's/Partner's/Member's trust?

Beehive_Homes Franchise · 2025 FDD

Answer from 2025 FDD Document

  • d) Bee Hive Homes has not reviewed any trust documents of any [Shareholder's/Partner's/Member's] trust; therefore, this Assignment does not constitute an approval by Bee Hive Homes of any documents relating to any [Shareholder's/Partner's/Member's] trust. If any of those documents conflict with or contradict the provisions of this Assignment or Bee Hive Homes ownership policies, Bee Hive Homes will not be bound by those documents and the provisions of this Assignment will control.

Source: Item 23 — RECEIPTS (FDD pages 34–123)

What This Means (2025 FDD)

According to Beehive Homes' 2025 Franchise Disclosure Document, Beehive Homes has not reviewed any trust documents of any Shareholder's/Partner's/Member's trust. Therefore, the assignment of the franchise does not constitute an approval by Beehive Homes of any documents relating to any Shareholder's/Partner's/Member's trust. If any of those documents conflict with or contradict the provisions of the assignment or Beehive Homes ownership policies, Beehive Homes will not be bound by those documents, and the provisions of the assignment will control.

This means that if a franchisee's ownership involves a trust, Beehive Homes has not examined the trust documents to ensure they align with the franchise agreement. A prospective franchisee should be aware that any terms within their trust that clash with the franchise agreement or Beehive Homes' policies will not be honored by Beehive Homes. The terms of the assignment and Beehive Homes' policies will take precedence.

This policy protects Beehive Homes by ensuring that the franchise agreement and their established policies are not undermined by external trust arrangements. However, it places the onus on the franchisee to ensure their trust documents are compatible with the franchise agreement. It is advisable for prospective franchisees to seek legal counsel to review their trust documents in relation to the franchise agreement to avoid potential conflicts.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.