Does the franchisee personally guarantee the financial obligations of the Bigfoot Forestry franchise?

According to the 2025 Bigfoot Forestry Franchise Disclosure Document, if a franchisee seeks to transfer their franchise to a new owner, the new owner must agree to guarantee the franchisee's obligations under the Franchise Agreement. This requirement ensures that Bigfoot Forestry has recourse to a responsible party for the financial and operational commitments of the franchise.

This condition is triggered specifically when a franchisee wants to transfer their rights and responsibilities to someone else. The prospective new franchisee must formally agree to uphold all the original franchisee's duties, including financial ones. This protects Bigfoot Forestry by ensuring the new operator is fully accountable.

It is important to note that this guarantee applies specifically in the context of a transfer of ownership. The FDD excerpt does not explicitly state that a franchisee must provide a personal guarantee at the initial signing of the franchise agreement. A prospective franchisee should clarify with Bigfoot Forestry whether a personal guarantee is required at the outset, or only in the event of a transfer.