To whom are the fees for a Bigfoot Forestry franchise payable?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
tes:
- 1. Nature and Manner of Payment: All fees are imposed by and payable to us except: (a) you pay the cooperative advertising fee directly to the cooperative (we may instead require you to pay this fee to us, in which case we remit the fee to the cooperative on your behalf); and (b) you spend the Local Marketing Commitment directly with third-party suppliers. All fees are nonrefundable and uniformly imposed. All fees are charged on a "per territory" basis other than: (a) additional training fees; (b) conference registration fees; and (c) technology fees. You must sign an ACH Authorization Form (attached to the Franchise Agreement as ATTACHMENT "D") permitting us to electronically debit your designated bank account for all amounts owed to us and our affiliates (other than fees due within 15 days after signing the Franchise Agreement). You must deposit all Gross Sales into the bank account and ensure sufficient funds are available for withdrawal before each due date.
Source: Item 6 — OTHER FEES (FDD pages 12–15)
What This Means (2025 FDD)
According to the 2025 Bigfoot Forestry Franchise Disclosure Document, franchisees generally pay all fees to the franchisor, with a couple of exceptions. Franchisees typically pay the cooperative advertising fee directly to the cooperative, unless Bigfoot Forestry requires the franchisee to pay them instead, in which case Bigfoot Forestry will remit the fee to the cooperative on the franchisee's behalf. Franchisees also directly spend the local marketing commitment with third-party suppliers.
Bigfoot Forestry requires franchisees to sign an ACH Authorization Form, which allows Bigfoot Forestry to electronically debit the franchisee's bank account for all amounts owed to them and their affiliates. This excludes fees due within 15 days after signing the Franchise Agreement. Franchisees must deposit all gross sales into a designated bank account and ensure sufficient funds are available for withdrawal before each due date.
Franchisees are responsible for all taxes imposed on them or Bigfoot Forestry based on products, intangible property (including trademarks), or services Bigfoot Forestry provides to them. Understanding these payment obligations is crucial for prospective franchisees to manage their finances effectively and maintain a good standing with Bigfoot Forestry.