What is the purpose of the modifications made to the Bigfoot Forestry Franchise Disclosure Document?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
QUENT 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)
According to Bigfoot Forestry's 2025 Franchise Disclosure Document, the modifications made to the FDD, Franchise Agreement, and Supplemental Agreements are to ensure compliance with state laws governing franchise relationships and documents. These modifications are outlined in a State-Specific Addendum.
The State Addendum applies only to specific states, including California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. The terms within the addendum are only applicable if the franchisee meets the requirements of the specific state, independent of signing the addendum itself.
If there are any inconsistencies between the FDD, Franchise Agreement, or any Supplemental Documents, the terms of the State Addendum for the applicable state will take precedence. This ensures that the Bigfoot Forestry franchise adheres to the legal requirements of the state in which the franchise is located.