factual

Does the Virginia addendum supersede other terms in documents related to the Beehive Homes franchise?

Beehive_Homes Franchise · 2025 FDD

Answer from 2025 FDD Document

No statement, questionnaire, or acknowledgment signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on any statement made by any franchisor, franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of any document executed in connection with the franchise.

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

What This Means (2025 FDD)

According to the 2025 Beehive Homes Franchise Disclosure Document, the Virginia addendum does indeed supersede other terms in documents related to the franchise, but only under specific conditions. The Virginia State Corporation Commission requires that Beehive Homes defers payment of the initial franchise fee and other initial payments until Beehive Homes has completed its pre-opening obligations under the franchise agreement.

Furthermore, no statement, questionnaire, or acknowledgment signed by a franchisee can waive claims under Virginia franchise law, including fraud in the inducement, or disclaim reliance on statements made by Beehive Homes or its representatives. This specific provision takes precedence over any conflicting terms in any document executed in connection with the franchise.

In essence, the Virginia addendum ensures that franchisees in Virginia are protected by state franchise laws and that their initial financial obligations are tied to the franchisor's fulfillment of pre-opening duties. This provides an added layer of security for franchisees operating in Virginia, preventing them from inadvertently waiving their legal rights or paying fees before Beehive Homes has met its obligations.

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.