What document outlines the franchisee's obligations that must be guaranteed for a Big Air Trampoline Park?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
If you are a legal or business entity, each individual who owns, directly or indirectly, a 5% or greater interest in you (and, if you are an individual, your immediate family defined as your spouse or domestic partner and any adult children involved in any way with the Big Air Trampoline Business) must sign the Guaranty and Assumption of Franchisee's Obligations assuming and agreeing to discharge all of
your obligations and comply with all restrictions under the Franchise Agreement (See Attachment B to the Franchise Agreement and our Nondisclosure and Noncompetition Agreement attached to this Franchise Disclosure Document as Exhibit H); (See Attachment C to the Multi-Unit Development Agreement).
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 40–41)
What This Means (2025 FDD)
According to the 2025 FDD, the Guaranty and Assumption of Franchisee's Obligations outlines the franchisee's obligations that must be guaranteed for a Big Air Trampoline Park. Specifically, if the franchisee is a legal or business entity, each individual who owns, directly or indirectly, a 5% or greater interest in the entity must sign this document. If the franchisee is an individual, their immediate family (spouse/domestic partner and any adult children involved with the business) must sign the Guaranty and Assumption of Franchisee's Obligations.
This document ensures that these individuals assume and agree to discharge all of the franchisee's obligations and comply with all restrictions under the Franchise Agreement. This provides Big Air Trampoline Park with a guarantee that the franchisee's responsibilities will be met, even if the franchisee is a business entity.
Additionally, the FDD mentions a Nondisclosure and Noncompetition Agreement that is attached as Exhibit H, further protecting Big Air Trampoline Park's interests. These agreements are standard practice in franchising to protect the franchisor's brand, trade secrets, and operational methods.