What is the bond number for the surety bond posted by Big Air Trampoline Park in Illinois?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
is hereby amended to delete Sections 1.1, 1.2, 1.8, and 22.
The multi-unit development agreement is hereby amended to delete the seventh recital paragraph and Sections 19 and 23.
ILLINOIS
Pursuant to an order by the Illinois Office of the Attorney General, we have posted
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 FDD, Big Air Trampoline Park is required to post a surety bond in Illinois due to its financial condition, as mandated by the Illinois Office of the Attorney General. The FDD does not explicitly state the bond number associated with the Illinois surety bond. The excerpt only mentions the bond amount, which is $60,000.
Without the bond number, a prospective franchisee cannot independently verify the bond's validity or specific terms with the surety company or the Illinois Office of the Attorney General. This information is crucial for ensuring that the bond is indeed in place and covers the franchisee as intended.
Therefore, a potential Big Air Trampoline Park franchisee should directly request the bond number from the franchisor. Additionally, they may want to contact the Illinois Office of the Attorney General to confirm the bond's details and ensure it meets all legal requirements for franchise operations in Illinois.