What constitutes a 'material judgment' against a Big Air Trampoline Park franchisee?

According to Big Air Trampoline Park's 2025 Franchise Disclosure Document, a 'material judgment' against a franchisee is defined specifically in the context of potential default and termination of the franchise agreement. A material judgment, or multiple judgments that are material in aggregate, obtained against the franchisee, that remains unsatisfied or of record for 30 days or longer, constitutes grounds for default unless a supersedeas or other appeal bond has been filed.

Additionally, if execution is levied against the franchisee's Big Air Trampoline Business or any property used in its operation and is not discharged within five days, it is considered a material judgment. Similarly, the sale of real or personal property of the franchisee's Big Air Trampoline Business after levy by any sheriff, marshal, or constable also constitutes a material judgment.

These conditions are significant because they directly impact the franchisee's ability to operate their Big Air Trampoline Park business. Failure to address such judgments within the specified timeframes can lead to termination of the franchise agreement, resulting in the loss of the business and associated investment. Franchisees should be aware of these stipulations and maintain sufficient financial and legal resources to address any judgments promptly.