How long does a Bigfoot Forestry franchisee have to pay amounts owed after a demand for payment?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
.
- 11.16.Failure to Comply with Standards. You acknowledge the importance of every one of our standards and operating procedures to the reputation and integrity of the System and goodwill associated with the Marks. If we notify you of a breach of our standards or operating procedures (including failure to submit required reports in a timely manner) and you fail to cure within the time period we presc
Source: Item 23 — RECEIPT (FDD pages 42–162)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the Bigfoot Forestry franchise agreement stipulates consequences for failing to meet standards, including timely payments. If Bigfoot Forestry notifies a franchisee of a breach of standards or operating procedures, including failure to submit required reports on time, the franchisee must cure the breach within the time period prescribed by Bigfoot Forestry.
If the franchisee fails to cure the breach within the specified time, Bigfoot Forestry may impose a noncompliance fee of $500 per occurrence, in addition to other remedies available under the agreement. Furthermore, a separate fee of $100 may be imposed every 48 hours if the same noncompliance issue remains uncured after the initial fee is imposed.
Therefore, while the initial cure period is determined by Bigfoot Forestry, failure to comply can result in escalating fees, with an additional $100 fee every 48 hours for ongoing noncompliance. This highlights the importance of adhering to Bigfoot Forestry's standards and operating procedures and addressing any identified breaches promptly to avoid incurring additional costs.