Who qualifies as an 'Owner' under the Bigfoot Forestry Area Development Agreement?

According to Bigfoot Forestry's 2025 Franchise Disclosure Document, an 'Owner' is defined within the context of the Area Development Agreement. This definition is important because the franchisor grants area development rights based on the character, skills, and financial resources of both the franchisee and their Owners.

Specifically, the FDD states that an 'Owner' includes any individual or entity meeting one or more of the following criteria: (a) those who directly sign the Area Development Agreement as the area developer, either alone or with others; (b) those who directly or indirectly own an equity interest in the Development Business or Developer Entity; (c) those who directly sign a Franchise Agreement as the franchisee, either individually or with others; and/or (d) those who directly or indirectly own an equity interest in any affiliate that executes a Franchise Agreement.

This broad definition ensures that all individuals with a significant stake or controlling interest in the Bigfoot Forestry business are considered 'Owners' and are therefore subject to the franchisor's requirements and scrutiny, particularly regarding transfers of ownership and compliance with the agreement.