What is the length of notice required to terminate the Interim Term for a Bigfoot Forestry franchise?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
8.1. By Us. We may terminate this Agreement, effective upon delivery of a notice of termination, for any of the following reasons, all of which constitute material events of default and "good cause" for termination, and without opportunity to cure except for any cure period expressly set forth below:
- (a) if we terminate any Definitive Agreement due to a default committed by you or one of your Owners or affiliates; or
- (b) if you (or an Owner) breach any provision of this Agreement and fail to cure within 30 days after receipt of a default notice.
8.2. By Mutual Agreement. If you and we mutually agree in writing to terminate this Agreement, any notice or cure period that might otherwise apply shall be deemed waived.
9. EFFECT OF TERMINATION. Termination of this Agreement ends all your rights and development obligations under this Agreement, including your interests in the Development Territory and right to sign new Franchise Agreements or open new Bigfoot Forestry Businesses. We will not refund any portion of the development fee.
10. DISPUTE RESOLUTION. Any Dispute between the parties relating to this Agreement shall be resolved pursuant to the dispute resolution provisions in the Initial Franchise Agreement. All such dispute resolution provisions are incorporated herein by reference as if fully set forth in this Agreement.
Source: Item 23 — RECEIPT (FDD pages 42–162)
What This Means (2025 FDD)
According to the 2025 Bigfoot Forestry Franchise Disclosure Document, Bigfoot Forestry can terminate the Development Agreement, which covers the Interim Term, with a notice of termination upon delivery. This is permissible if the franchisee defaults on any Definitive Agreement or breaches any provision of the Development Agreement and fails to cure it within 30 days after receiving a default notice.
Bigfoot Forestry also has the right to terminate the Development Agreement immediately if the franchisee defaults on any Definitive Agreement. The franchisee has 30 days to cure a breach of any provision of the Development Agreement after receiving a default notice.
Furthermore, the agreement can be terminated by mutual written consent, waiving any notice or cure periods. Termination ends all the franchisee's rights and development obligations, including interests in the Development Territory, without any refund of the development fee. Any disputes related to the Development Agreement will be resolved according to the dispute resolution provisions in the Initial Franchise Agreement.