What does the franchisee guarantee to Bigfoot Forestry regarding the financial obligations?

According to Bigfoot Forestry's 2025 Franchise Disclosure Document, a franchisee must guarantee the obligations under the Franchise Agreement if they seek to transfer their franchise to another party. Specifically, if a franchisee wishes to transfer their rights and duties to a new owner, the proposed transferee must agree to guarantee and perform the original franchisee's obligations under the existing Franchise Agreement.

This requirement ensures that Bigfoot Forestry has recourse to a responsible party for the duration of the agreement, even if the original franchisee exits the business. It protects Bigfoot Forestry's interests by maintaining the financial and operational commitments initially agreed upon.

For a prospective franchisee, this means that if they later decide to sell their Bigfoot Forestry franchise, finding a buyer who is willing to guarantee the original agreement's obligations will be crucial for securing the transfer. This could potentially limit the pool of potential buyers and affect the resale value of the franchise. Franchisees should carefully consider this long-term implication before entering into a franchise agreement with Bigfoot Forestry.