What is included in Part A of Attachment A for Bigfoot Forestry?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
- 6. DEVELOPER ENTITY. You represent that Part A of ATTACHMENT "A" includes a complete and accurate list of your Owners. Upon request, you must send us a resolution of the Developer Entity authorizing the execution of this Agreement, a copy of its organizational documents and a current Certificate of Good Standing. You may form a separate Entity to enter into each Franchise Agreement provided that: (a) the Person or Persons owning the Equity Interests (and the percentage of the Equity Interests owned) in each such Entity must be the same Person or Persons owning the Equity Interests (with the same percentage of the Equity Interests owned) in the Developer Entity; and (b) each such Entity guarantees the performance of all other Entities formed under the authority of this §6. Each Owner, and the spouse of each Owner who is a natural Person, must sign a Franchise Owner Agreement.
Source: Item 23 — RECEIPT (FDD pages 42–162)
What This Means (2025 FDD)
According to Bigfoot Forestry's 2025 Franchise Disclosure Document, Part A of Attachment A to the Area Development Agreement includes a complete and accurate list of the owners of the Developer Entity. The Developer Entity is the entity that signs the Area Development Agreement as the area developer or assumes the agreement after its initial execution.
This requirement ensures that Bigfoot Forestry knows who the principals are behind the area development. The franchisor needs to verify the individuals or entities responsible for fulfilling the development obligations outlined in the agreement.
Furthermore, Bigfoot Forestry may request a resolution from the Developer Entity authorizing the execution of the Area Development Agreement, along with copies of the entity's organizational documents and a current Certificate of Good Standing. This allows Bigfoot Forestry to confirm the legal standing and authorization of the entity entering into the agreement.