What conditions must a Bigfoot Forestry franchisee satisfy to sign a Successor Agreement?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
- B. You have notified us of your desire to transfer the Franchise Agreement and all rights related thereto, or an ownership interest in the franchisee entity, to a transferee, [enter into a successor franchise agreement] and we have consented to such transfer [agreed to enter into a successor franchise agreement].
- C. As a condition to our consent to the transfer [your ability to enter into a successor franchise agreement], you and Owner have agreed to execute this Agreement upon the terms and conditions stated below.
- D. In consideration of our consent to the transfer [our entering into a successor franchise agreement], and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, and intending to be legally bound, you and Owner hereby agree as set forth below.
Source: Item 23 — RECEIPT (FDD pages 42–162)
What This Means (2025 FDD)
According to Bigfoot Forestry's 2025 Franchise Disclosure Document, a franchisee's ability to enter into a successor franchise agreement is contingent on certain conditions. The franchisee must notify Bigfoot Forestry of their desire to transfer the Franchise Agreement and all related rights, or an ownership interest in the franchisee entity, to a transferee. Bigfoot Forestry must then consent to this transfer and agree to enter into a successor franchise agreement.
As a condition of Bigfoot Forestry's consent, both the franchisee and the Owner must agree to execute an agreement based on the terms and conditions outlined. This agreement is made in consideration of Bigfoot Forestry consenting to the transfer and entering into the successor franchise agreement.
In simpler terms, if a Bigfoot Forestry franchisee wants to transfer their franchise to someone else and have that person sign a new franchise agreement (a successor agreement), they need Bigfoot Forestry's approval. As part of getting that approval, both the current franchisee and the owner have to sign an agreement acknowledging the terms of the transfer.