factual

When are the franchise and development fees typically paid to Bigfoot Forestry?

Bigfoot_Forestry Franchise · 2025 FDD

Answer from 2025 FDD Document

must hire a Project Manager to manage at least one (1) but not more than three (3) of your Bigfoot Forestry Businesses. The Managing Owner, and each Project Manager, can manage a maximum of three (3) Bigfoot Forestry Businesses. You must hire an additional Project Manager for every three (3) additional Bigfoot Forestry Businesses you open. Each Project Manager you hire must meet all criteria and conditions set forth in the most recent Franchise Agreement executed by you.

  • 5. DEVELOPMENT FEE. At the time you sign this Agreement you must pay us a development fee in the amount set forth in Part B of ATTACHMENT "A", which is calculated as the aggregate sum of the initial franchise fees imposed for all Bigfoot Forestry Businesses you are required to develop pursuant to this Agreement. The development fee is fully earned and nonrefundable upon execution of this Agreement.
  • **6.

Source: Item 23 — RECEIPT (FDD pages 42–162)

What This Means (2025 FDD)

According to Bigfoot Forestry's 2025 Franchise Disclosure Document, the development fee is due at the time you sign the Area Development Agreement. This fee covers the initial franchise fees for all Bigfoot Forestry Businesses you are required to develop under the agreement. Once paid, the development fee is considered fully earned and is nonrefundable.

Payment of the development fee is considered to include and satisfy the initial franchise fee required for each individual Franchise Agreement signed under the Area Development Agreement. Unless Bigfoot Forestry agrees otherwise, franchisees cannot begin providing services in a specific franchised territory until a Franchise Agreement is signed for that territory.

In summary, the development fee, which encompasses all initial franchise fees for the territories you plan to develop, is paid upfront when signing the Area Development Agreement. This payment ensures your rights to develop those territories, but it's nonrefundable, highlighting the importance of careful planning and due diligence before committing to the agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.