In Michigan, what items is Bigfoot Forestry NOT required to compensate a franchisee for upon non-renewal?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
ments with maturities of three months or less to be cash equivalents. As of December 31, 2023, the Company has approximately $6,095 in cash in their operating bank account
4. SUBSEQUENT EVENTS
Management has evaluated subsequent events through June 17, 2024, which is the date the financial statement was available to be issued. The Company did not have any material recognizable subsequent events that would require adjustment to, or disclosure in, the financial statement.
EXHIBIT "H"
TO DISCLOSURE DOCUMENT
OTHER AGREEMENTS
EXHIBIT "H"-1
STATE ADDENDA
[See Attached]
STATE ADDENDA AND AMENDMENTS TO FRANCHISE AGREEMENT, SUPPLEMENTAL AGREEMENTS AND FRANCHISE DISCLOSURE DOCUMENT FOR CERTAIN STATES
BACKGROUND AND PURPOSE
The following modifications are made to the Bigfoot Forestry Franchise Disclosure Document ("FDD" or "Disclosure Document") issued by Bigfoot Franchising, LLC ("we" or "us" or "franchisor") to franchisee ("you" or "franchisee") and may supersede certain portions of the Franchise Agreement between you and us dated _________________________, 202__ (the "Franchise Agreement"). When the term "Supplemental Agreements" is used, it means any area development agreement, area representative agreement, master franchise agreement, or similar agreement entered into between us and you, if applicable.
Certain states have laws governing the franchise relationship and franchise documents. Certain states require modifications to the FDD, Franchise Agreement, Supplemental Agreements and other documents related to the sale of a franchise. This State-Specific Addendum ("State Addendum") will modify these agreements to comply with the applicable state's laws.
Source: Item 23 — RECEIPT (FDD pages 42–162)
What This Means (2025 FDD)
I am unable to provide information on what Bigfoot Forestry is not required to compensate a franchisee for upon non-renewal in Michigan. While the 2025 FDD includes a State Addendum that applies to Michigan, it does not specify the items for which Bigfoot Forestry is not required to compensate a franchisee upon non-renewal. For specific details regarding non-renewal compensation in Michigan, it is recommended that prospective franchisees consult the complete 2025 Franchise Disclosure Document and direct questions to the franchisor.