What is the definition of 'Definitive Agreements' in the context of the Bigfoot Forestry franchise agreement?

According to the 2025 Bigfoot Forestry Franchise Disclosure Document, "Definitive Agreements" encompass several key documents that govern the relationship between the franchisee and the franchisor. These include the Franchise Agreement itself, which outlines the terms and conditions of operating a Bigfoot Forestry franchise. If applicable, the Area Development Agreement (ADA) is also included, which pertains to franchisees who are developing multiple locations within a specific territory.

Additionally, the definition extends to any other Franchise Agreement between the franchisee (or their affiliate) and Bigfoot Forestry (or its affiliate) for a Bigfoot Forestry Business or any other franchised concept. This implies that if a franchisee holds multiple franchises with Bigfoot Forestry, all related franchise agreements fall under the umbrella of "Definitive Agreements". Finally, all ancillary agreements related to the aforementioned agreements, including Franchise Owner Agreements, are also considered Definitive Agreements.

This definition is important because compliance with all Definitive Agreements is often a condition for various actions, such as transferring the franchise. As an example, the FDD states that a transfer of the franchise will not be approved if the franchisee and its owners are not in full compliance with all Definitive Agreements. Therefore, prospective franchisees should carefully review and understand all agreements that fall under this definition to ensure they meet all obligations and maintain a good standing with Bigfoot Forestry.