Which articles of the Big Air Trampoline Park agreement survive termination or expiration?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
- 17.13 All obligations of the parties hereto which expressly or by their nature survive the expiration or termination of this Agreement shall continue in full force and effect notwithstanding such expiration or termination.
In particular, but without limiting the generality of the foregoing, the provisions of Articles 10, 12, 14 and 16, hereof shall survive termination or expiration of this Agreement.
Source: Item 23 — RECEIPT (FDD pages 53–255)
What This Means (2025 FDD)
According to the 2025 FDD, several obligations within the Big Air Trampoline Park Franchise Agreement extend beyond the termination or expiration of the agreement. Specifically, Articles 10, 12, 14, and 16 of the agreement remain in effect even after the franchise term ends.
Article 10 likely pertains to the franchisee's ongoing obligations regarding confidentiality, trade secrets, and intellectual property. Article 12 probably deals with dispute resolution, ensuring that any legal issues arising during the franchise term can still be addressed. Article 14 may cover insurance requirements, ensuring that Big Air Trampoline Park is protected from potential liabilities even after the franchise ceases operation. Article 16 most likely concerns the repurchase option, giving Big Air Trampoline Park the option to buy back the franchise under certain conditions.
This continuation of obligations is a standard practice in franchising, designed to protect the franchisor's brand, system, and legal rights. Franchisees should carefully review these articles to understand their responsibilities and potential liabilities that extend beyond the active term of the franchise agreement with Big Air Trampoline Park.