In the context of the Bigfoot Forestry FDD, who is considered the 'Franchisee'?

According to Bigfoot Forestry's 2025 Franchise Disclosure Document, the term 'Franchisee' refers to a person who directly signs the Franchise Agreement, either alone or with others, or a person who owns an equity interest in the business or Franchisee Entity, directly or indirectly through intermediaries. This definition is important because it clarifies who is bound by the terms of the Franchise Agreement and who has specific responsibilities and rights within the Bigfoot Forestry franchise system.

This definition has implications for multiple-owner businesses. If several individuals co-sign the Franchise Agreement, they are all considered franchisees. Similarly, if an entity owns the franchise, anyone holding an equity stake in that entity is also considered a franchisee. This ensures that all individuals with a significant interest in the Bigfoot Forestry business are aware of their obligations and are held accountable for the franchise's performance.

Bigfoot Forestry also defines an 'Owner' as a person who either: (a) directly signs the agreement as the franchisee, either alone or in conjunction with one or more other Persons; or (b) directly or indirectly through one or more intermediaries owns an Equity Interest in the Business or Franchisee Entity. The Managing Owner is the Owner designated with primary responsibility for the overall management and supervision of the Bigfoot Forestry Business.