How many Successor Agreements can a Bigfoot Forestry franchisee enter into?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
- B. You have notified us of your desire to transfer the Franchise Agreement and all rights related thereto, or an ownership interest in the franchisee entity, to a transferee, [enter into a successor franchise agreement] and we have consented to such transfer [agreed to enter into a successor franchise agreement].
- C. As a condition to our consent to the transfer [your ability to enter into a successor franchise agreement], you and Owner have agreed to execute this Agreement upon the terms and conditions stated below.
- D. In consideration of our consent to the transfer [our entering into a successor franchise agreement], and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, and intending to be legally bound, you and Owner hereby agree as set forth below.
Source: Item 23 — RECEIPT (FDD pages 42–162)
What This Means (2025 FDD)
According to the 2025 Bigfoot Forestry Franchise Disclosure Document, a franchisee's ability to enter into a successor franchise agreement is addressed within the context of transferring the franchise. Specifically, the FDD indicates that a franchisee may want to transfer their existing Franchise Agreement to a new party, which would involve the creation of a successor franchise agreement.
The FDD states that the franchisor's consent is required for such a transfer and subsequent successor agreement. The document outlines that the franchisee must notify Bigfoot Forestry of their desire to transfer the Franchise Agreement to a transferee and enter into a successor franchise agreement. The franchisor then has to consent to this transfer and agree to enter into the successor franchise agreement.
While the FDD acknowledges the possibility of entering into successor franchise agreements, it does not explicitly limit the number of such agreements a franchisee can enter into. Instead, it focuses on the conditions and requirements surrounding each individual transfer and the franchisor's consent. Each instance of a potential transfer and successor agreement would likely be evaluated on a case-by-case basis by Bigfoot Forestry.