What costs related to the Big Air Trampoline Park franchise transfer are the responsibility of the transferee?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
- (j) the transferee paying all costs of Franchisor with respect to (i) the granting of its approval, as hereinbefore contemplated, including but not limited to all of its legal costs with respect to the preparation and execution of the above noted then-current form of Franchise Agreement, and all other documents then customarily used by Franchisor to grant franchises; and (ii) the transfer, including but not limited to, all professional fees (attorney's fees, broker fees, and the like), leasing expenses, brokerage commissions or fees, document preparation costs and due diligence.
Source: Item 23 — RECEIPT (FDD pages 53–255)
What This Means (2025 FDD)
According to the 2025 Big Air Trampoline Park FDD, the transferee is responsible for specific costs associated with the franchise transfer. The transferee must cover all of Big Air Trampoline Park's costs related to granting approval for the transfer. These costs include legal fees for preparing and executing the current franchise agreement and other customary documents.
Additionally, the transferee is responsible for all costs related to the transfer itself. This includes professional fees such as attorney's fees and broker fees, as well as leasing expenses, brokerage commissions or fees, document preparation costs, and due diligence expenses.
In summary, a prospective Big Air Trampoline Park transferee should be prepared to cover a range of expenses related to both the approval process and the actual transfer of the franchise. These costs can include legal, professional, and administrative fees, as well as expenses related to leasing and due diligence.