How is the 'Development Territory' defined in the Bigfoot Forestry Area Development Agreement?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
- "Development Territory" means the geographic area comprised by all of the individual Franchised Territories described in Part D of ATTACHMENT "A" on a combined basis.
D. Franchise Territories and Development Territory.
Set forth below is a description of each Franchise Territory you must develop pursuant to this Agreement. You must sign a separate Franchise Agreement for each Franchise Territory. The Development Territory is the total geographic area comprised by all Franchise Territories on a combined basis.
Source: Item 23 — RECEIPT (FDD pages 42–162)
What This Means (2025 FDD)
According to Bigfoot Forestry's 2025 Franchise Disclosure Document, the Development Territory under the Area Development Agreement is defined as the combined geographic area of all individual Franchised Territories. Each of these Franchised Territories is detailed in Part D of ATTACHMENT "A" of the agreement. A franchisee must sign a separate Franchise Agreement for each Franchise Territory within the Development Territory.
This means that if you enter into an Area Development Agreement with Bigfoot Forestry, your Development Territory will consist of multiple smaller, individual franchise territories. You are obligated to develop each of these individual territories according to a specific Development Schedule. Each territory requires its own Franchise Agreement, outlining the terms and conditions for that specific location.
For a prospective Bigfoot Forestry area developer, it's crucial to carefully review Part D of ATTACHMENT "A" to fully understand the scope and location of each Franchised Territory included in the Development Territory. Understanding the geographic spread and characteristics of each territory is essential for planning development and operations. The franchisee should also pay close attention to the Development Schedule, as failure to adhere to it constitutes a material breach of the Area Development Agreement.