Can Big Air Trampoline Park assign the franchise system to a competitor?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
- 15.2 Franchisor reserves the right to assign the franchise System to anyone, including the operator of a competing national or regional chain or franchise system.
Franchisee acknowledges and agrees that Franchisor may sell its assets, the Marks or the System to any third party of Franchisor's choice; may offer its securities privately or publicly; may merge with or acquire other business entities or be acquired by another business entity; may permit and participate in any transfer or distribution of its securities in connection with a spin-off; may undertake a refinancing, recapitalization, leveraged buyout, or other economic or financial restructuring; or may terminate or cease to exist or dissolve, in any such case without Franchisee's consent and, provided the transferee expressly assumes and undertakes to perform Franchisor's obligations in all material respects, do so free of any responsibility or liability whatsoever to Franchisee after the transaction occurs.
- 15.3 With regard to any of the above sales, assignment and dispositions, Franchisee expressly and specifically waives any claims, demands, or damages against Franchisor arising from or related to the transfer of the Marks, assets or the System from Franchisor to any other party.
Source: Item 23 — RECEIPT (FDD pages 53–255)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Big Air Trampoline Park retains the right to assign the franchise system to anyone, including operators of competing national or regional chains or franchise systems. This means that a new franchisee could find themselves operating under a new owner that also owns competing trampoline parks.
Big Air Trampoline Park also has the right to sell its assets, trademarks, or the entire system to any third party they choose. They can offer securities, merge with or acquire other businesses, participate in security transfers, or undergo financial restructuring without the franchisee's consent. As long as the new owner assumes the obligations to perform the agreement, Big Air Trampoline Park is free from any responsibility or liability to the franchisee after the transaction.
The franchisee specifically waives any claims, demands, or damages against Big Air Trampoline Park arising from the transfer of trademarks, assets, or the system to another party. This clause emphasizes that franchisees have limited recourse if Big Air Trampoline Park decides to sell or assign the franchise to a competitor or another entity.