What does Beehive Homes state about being bound by shareholder trust documents that conflict with the assignment?
Beehive_Homes Franchise · 2025 FDDAnswer 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, or 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, or Member's trust.
Beehive Homes states that if any of those trust documents conflict with or contradict the provisions of the assignment or Beehive Homes ownership policies, Beehive Homes will not be bound by those documents. In such cases, the provisions of the assignment will take precedence and control the relationship between the franchisee, its shareholders/partners/members, and Beehive Homes.
This provision protects Beehive Homes by ensuring that its franchise agreement and assignment terms are not undermined by external trust arrangements created by the franchisee or its equity holders. A prospective franchisee should carefully review the assignment document and Beehive Homes' ownership policies to ensure full compliance and avoid potential conflicts with their own trust arrangements.