factual

Under the Beehive Homes Guaranty, is the agreement revocable?

Beehive_Homes Franchise · 2025 FDD

Answer from 2025 FDD Document

----------------------| | | AGREEMENT (the "Guaranty") is given this day of, 2025, by the undersigned: | | | 1. | In consideration of, and as an inducement to, the execution of the franchise agreement | | | | dated, 2025 (referred to in this Guaranty, together with all applicable | | | | amendments, renewals, addenda, supplemental agreements and assignments, as the "Franchise | | | | Agreement") by and among BEE HIVE HOMES, INC. (the "Franchisor") and the parties | | | | identified therein as the Franchisee (the "Franchisee"), and for other good and valuable | | | | consideration, each of the undersigned, jointly and severally, for themselves, their heirs, legal | | | | representatives, successors and assigns (hereinafter referred to individually | and collectively as | | | "Guarantor" whether one or more) personally, unconditionally | and irrevocably guarantees to | | | Franchisor, and its successors and assigns, (a) the full and prompt payment of all sums owed by | | | | Franchisee to Franchisor and its Affiliates under the Franchise Agreement and otherwise relating | | | | to the Home, including, but not limited to, all fees and charges, interest, default interest, all other | | | | costs and fees and attorneys' fees incurred in connection with enforcement of the Franchise | | | | Agreement; and (b) the performance of all other obligations of Franchisee arising under the | | | | Franchise Agreement (collectively, the "Obligations"). This Guaranty | is primary to Guarantor | | | and Guarantor will immediately, upon request of Franchisor, make payment in full of all amounts | | | | due and owing to Franchisor and its Affiliates under the Franchise Agreement, and perform each | | | | and every Obligation to Franchisor and its Affiliates under the Franchise Agreement. | | | | | |

    1. Waivers of Certain Rights and Defenses.

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

What This Means (2025 FDD)

According to the 2025 Beehive Homes Franchise Disclosure Document, the Guaranty agreement is considered irrevocable. The guarantor, by signing the agreement, is personally, unconditionally, and irrevocably guaranteeing to Beehive Homes the franchisee's full payment of all owed sums and the performance of all other obligations under the Franchise Agreement. This means the guarantor cannot cancel or revoke the Guaranty once it is in effect.

This irrevocability has significant implications for anyone acting as a guarantor for a Beehive Homes franchise. They are committing to cover the franchisee's financial and operational responsibilities for the duration of the agreement. Potential guarantors should fully understand the scope of the Franchise Agreement and the financial risks involved before signing the Guaranty.

In the franchise industry, it is common for guaranties to be irrevocable to protect the franchisor's investment and ensure the franchisee meets their obligations. However, potential guarantors should seek legal counsel to fully understand the terms and potential liabilities before entering into such an agreement with Beehive Homes.

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.