What is considered a 'Reportable Event' for a Bigfoot Forestry franchise?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
"Reportable Event" means any event or occurrence described in §15.6 that you must report to us.
Source: Item 23 — RECEIPT (FDD pages 42–162)
What This Means (2025 FDD)
According to the 2025 Bigfoot Forestry Franchise Disclosure Document, a 'Reportable Event' is defined as any event or occurrence described in section 15.6 of the franchise agreement that a franchisee is required to report to Bigfoot Forestry.
Without access to section 15.6, it is impossible to know the specific events that a franchisee must report to Bigfoot Forestry. Potential franchisees should carefully review section 15.6 of the Franchise Agreement to understand their reporting obligations.
Prospective franchisees should ask Bigfoot Forestry to provide a comprehensive list and clear explanation of all 'Reportable Events' during their due diligence. Understanding these obligations is crucial for maintaining a good relationship with the franchisor and adhering to the terms of the franchise agreement.