What is the significance of the phrase 'personally known to me' in the Beehive Homes receipt's notary section?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
| GUARANTORS: | | | | |----------------|------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------| | | | | | | Address: | | | Address: | | Telephone No.: | | | Telephone No.: | | Email: | | | Email: | | | | (NOTARY BLOCK FOR) | | | STATE OF) | | | | | COUNTY OF) | : ss. entity upon behalf of which the person acted, executed the instrument. | On, 2025, personally appeared before me, personally his/her authorized capacity, and that by his/her signature on the instrument the person, or the | known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in | | WITNESS my | hand and official seal. | NOTARY PUBLIC | | STATE OF) : ss. COUNTY OF) On, 2025, personally appeared before me, personally known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her authorized capacity, and that by his/her signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. WITNESS my hand and official seal.
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to the 2025 Beehive Homes Franchise Disclosure Document, the phrase 'personally known to me' appears in the notary section of documents such as the Assignment to an Entity and Guarantor agreements. This phrase, or the alternative 'proved to me on the basis of satisfactory evidence,' is a standard legal requirement for notarization. It signifies that the notary public has verified the identity of the person signing the document.
In practical terms, this means that a Beehive Homes franchisee or guarantor must present valid identification to the notary public, such as a driver's license or passport, to prove their identity. If the notary does not personally know the individual, the 'proved to me on the basis of satisfactory evidence' clause allows the notary to accept other forms of identification that meet legal standards. The notary's role is to prevent fraud by ensuring that the person signing the document is who they claim to be.
The inclusion of this language in the Beehive Homes franchise documents underscores the importance of proper legal execution. Franchisees should be prepared to provide appropriate identification when signing these documents. Failure to properly notarize documents can render them invalid, potentially causing legal and contractual issues for the franchisee. This requirement is a common practice in franchising and other legal agreements to ensure authenticity and prevent disputes.