Is timeliness important for the performance of covenants in the Beehive Homes franchise agreement?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
t of the death of Assignor.
-
- If Assignee's name or the name of any trust or entity with an equity interest in Assignee (collectively "Assignee's Name") contains any reference to "Bee Hive", "BeeHive", or any derivative thereof, or any other Bee Hive Homes trademark, then Assignor, Assignee, and [Shareholders/Partners/Members] covenant and agree (i) that they will cause Assignee's Name to be changed, within 30 days after the Effective Date, to delete any such reference without further consideration from Bee Hive Homes; (ii) that they will not challenge Bee Hive Homes use of any trade name, trademark, or internet domain name on the grounds that it: (a) is similar to Assignee's Name; (b) is likely to cause confusion; or (c) dilutes the value of the trade name; and (iii) that Assignee's Name shall not be used in connection with any trade or business conducted by Assignor, Assignee, or [Shareholders/Partners/Members] except the Bee Hive Homes Franchise business.
The parties have signed this Assignment evidencing that they have read, understand, and are bound by the terms of this Assignment.
| Bee Hive Homes, Inc. | |
|---|---|
| By: | |
| Assignor: | |
| Assignee: | By: |
| [Shareholder/Partner/Member] | |
| ------------------------------ | -- |
| [Shareholder/Partner/Member] | |
| [Shareholder/Partner/Member] | |
| [Shareholder/Partner/Member] |
EXHIBIT A Listing of Equity Interests of Assignee
Percentage Name Ownership
EXHIBIT G Policies and Procedure Manual Table of Contents
| Section 1 | Introduction, Mission Statement General Provisions .
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to the 2025 Beehive Homes Franchise Disclosure Document, timeliness is important for franchisees. Specifically, if an assignee's name contains any reference to "Bee Hive", "BeeHive", or any derivative thereof, or any other Beehive Homes trademark, the assignor, assignee, and shareholders/partners/members must change the name within 30 days after the effective date. This demonstrates the importance of adhering to the franchisor's brand standards and intellectual property rights in a timely manner. Failing to comply within the specified timeframe could lead to legal repercussions or a breach of the franchise agreement.
Furthermore, a Beehive Homes franchisee covenants to construct, equip, staff, and own one home at their own expense at the location specified in the franchise agreement. They must open and commence operation of the home no later than three years after the effective date of the agreement. This requirement highlights the importance of meeting deadlines for establishing and operating the franchise. Failure to open the home within the three-year timeframe could result in a breach of contract and potential termination of the franchise agreement.
These stipulations in the Beehive Homes franchise agreement underscore the significance of adhering to specified timeframes for various obligations. Prospective franchisees should carefully review all deadlines and requirements outlined in the agreement and ensure they have the resources and capabilities to meet them. Failing to do so could have significant consequences for their franchise operation.