What condition would disqualify a transfer from being considered a 'Permitted Transfer' for a Bigfoot Forestry franchise?

According to Bigfoot Forestry's 2025 Franchise Disclosure Document, a transfer will not be considered a 'Permitted Transfer' if it results in the Managing Owner owning less than 20% of the franchised business. A 'Permitted Transfer' includes transfers between existing owners, transfers to a new business entity wholly owned and controlled by the transferring owners, or transfers of less than 20% of the ownership interests in the franchised business.

This condition is significant because it ensures that the individual primarily responsible for managing the Bigfoot Forestry business maintains a substantial ownership stake. This requirement likely aims to align the Managing Owner's interests with the overall success of the franchise and the Bigfoot Forestry system.

For a prospective franchisee, this means that any transfer of ownership must be carefully structured to ensure the Managing Owner retains at least 20% ownership. Failure to do so would result in the transfer not being considered a 'Permitted Transfer,' potentially triggering other fees or requirements outlined in the Franchise Agreement, such as the standard transfer fee listed in Item 6.