What is the definition of a 'Franchise Agreement' in the context of a Bigfoot Forestry area development agreement?

According to Bigfoot Forestry's 2025 Franchise Disclosure Document, a 'Franchise Agreement' is defined as an agreement executed between Bigfoot Forestry and the franchisee (or their affiliate) for the purpose of developing and operating a Bigfoot Forestry Business, in accordance with the Area Development Agreement.

This definition is important for prospective area developers as it clarifies the relationship between the Area Development Agreement and the individual Franchise Agreements. The Area Development Agreement sets the stage for the franchisee to open multiple Bigfoot Forestry locations within a defined territory, while each individual Franchise Agreement governs the operation of a specific location.

Essentially, the Area Development Agreement outlines the franchisee's commitment to develop a certain number of locations, and the Franchise Agreement details the terms and conditions under which each location will operate. This distinction is crucial for understanding the franchisee's obligations and the franchisor's expectations throughout the development process.