On what date was the Power of Attorney signed for Big Air Trampoline Park?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
KNOW ALL MEN BY THESE PRESENTS: That Travelers Casualty and Surety Company of America, Travelers Casualty and Surety Company, St. Paul Fire and Marine Insurance Company, and Farmington Casualty Company are corporations duly organized under the laws of the State of Connecticut (herein collectively called the "Companies"), and that the Companies do hereby make, constitute and appoint Russell E. Vance, of Hartford, CT, their true and lawful Attorney(s)-in-Fact, to sign, execute, seal and acknowledge the following bond:
Surety Bond No.: 107815250
Principal: BIG AIR FRANCHISING, LLC
IN WITNESS WHEREOF, the Companies have caused this instrument to be signed and their corporate seals to be hereto affixed, this 21st day of April, 2021.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 Big Air Trampoline Park Franchise Disclosure Document, two different Power of Attorney documents were signed on April 21, 2021. These documents authorize Russell E. Vance, of Hartford, CT, to act as the Attorney-in-Fact for Travelers Casualty and Surety Company of America, Travelers Casualty and Surety Company, St. Paul Fire and Marine Insurance Company, and Farmington Casualty Company, allowing him to sign, execute, seal, and acknowledge bonds on their behalf related to Big Air Trampoline Park.
The Power of Attorney is relevant because it ensures that the surety company has officially authorized its representative to act on its behalf in matters concerning the surety bond required for Big Air Trampoline Park franchises. This authorization confirms the validity of the bond and the surety company's commitment to fulfilling its obligations under the bond terms.
Prospective franchisees should be aware of the dates and parties involved in the Power of Attorney, as it validates the legal standing of the surety bond. This information is crucial for verifying that all contractual obligations are properly authorized and legally binding, reducing potential risks associated with the franchise agreement.