Under what conditions will Bigfoot Forestry assign the Franchise Agreement to another party?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
- 19.1. By Us. This Agreement is fully assignable by us (without prior notice to you) and shall inure to the benefit of any assignee(s) or other legal successor(s) to our interest in this Agreement, provided that we shall, subsequent to any such assignment, remain liable for any obligations incurred by us prior to the effective date of the assignment. We may also delegate our obligations under this Agreement to one or more Persons without assigning the Agreement.
Source: Item 23 — RECEIPT (FDD pages 42–162)
What This Means (2025 FDD)
According to Bigfoot Forestry's 2025 Franchise Disclosure Document, Bigfoot Forestry can fully assign the Franchise Agreement to another party without prior notice to the franchisee. This assignment benefits any assignee or legal successor with interest in the agreement. However, Bigfoot Forestry remains liable for any obligations incurred before the assignment's effective date. Bigfoot Forestry can also delegate its obligations under the agreement to other persons without assigning the agreement itself.
This means that a prospective Bigfoot Forestry franchisee should be aware that the company can transfer the agreement to a new entity at any time. While Bigfoot Forestry remains responsible for prior obligations, the franchisee will be dealing with a new party after the assignment. This could impact the franchisee's relationship with the franchisor and the support they receive.
It is important for a potential franchisee to consider the implications of such an assignment and to evaluate the financial stability and reputation of Bigfoot Forestry to assess the likelihood of an assignment. Furthermore, a franchisee should seek legal counsel to fully understand their rights and obligations in the event of an assignment.