In the Bigfoot Forestry Waiver and Release of Claims agreement, what entities are considered the "Parties"?

According to Bigfoot Forestry's 2025 Franchise Disclosure Document, the "Parties" in the Waiver and Release of Claims agreement include you (the franchisee), each individual holding a direct or indirect ownership interest in you (collectively referred to as "Owner"), and Bigfoot Franchising, LLC. This definition is important because it clarifies who is bound by the terms of the waiver and release.

For a prospective Bigfoot Forestry franchisee, this means that not only are you as the franchisee bound by the agreement, but also any individual who holds an ownership stake in your franchise. This could include partners, investors, or other individuals with an equity interest in your business. It is crucial that all parties involved understand the implications of signing the Waiver and Release of Claims, as it affects their rights and obligations.

Bigfoot Franchising, LLC, as the franchisor, is also a party to the agreement. This ensures that the release is mutual and that all parties involved are giving up certain rights or claims against each other. Franchisees should carefully review the specific terms of the Waiver and Release of Claims with legal counsel to fully understand the scope of the release and its potential impact on their business and personal interests.