For a Big Air Trampoline Park franchise, what is the franchisee acknowledging when they sign the Statement of Ownership?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
[Note: Dates and Answers Must be Completed in the Prospective Franchisee's Own Handwriting]
In order to make sure that no misunderstanding exists between you, the Franchisee, and us, Big Air Franchising, LLC (also called "Big Air Trampoline ", the "Franchisor" or "we"), and to make sure that no violations of law might have occurred, and understanding that we are relying on the statements you make in this document, you assure us as follows:
A. The following dates are true and correct: Date Initials 1. , 20 The date on which I received a Franchise Disclosure Document regarding the Big Air Trampoline Business. 2. , 20 The date of my first face-to-face meeting with Marketing Representative to discuss a possible purchase of a Big Air Trampoline Business. 3. , 20 The date on which I received a completed copy (other than signatures) of the Franchise Agreement which I later signed. 4. , 20 The date on which I signed the Franchise Agreement. 5. , 20 The earliest date on which I delivered cash, check or other consideration to the Marketing Representative or an officer of Franchisor.
B. Representations.
- No oral, written, visual or other promises, agreements, commitments, representations, understandings, "side agreements," options, rights-of-first-refusal or otherwise have been made to or with me with respect to any matter (including but not limited to advertising, marketing, site location, operational, marketing or administrative assistance, exclusive rights or exclusive or protected territory or otherwise), nor have I relied in any way on same, except as expressly set forth in the Franchise Agreement or an attached written Addendum signed by me and Big Air Trampoline, except as follows:
(If none, you should write NONE in your own handwriting and initial.)
- No oral, written, visual or other promises, agreements, commitments, representation, understandings, "side agreements" or otherwise which expanded upon or were inconsistent with the Franchise Disclosure Document or the Franchise Agreement or any attached written addendum signed by me and an officer of Big Air Trampoline, were made to me by any person or entity, nor have I relied in any way on same, except as follows:
(If none, you should write NONE in your own handwriting and initial.)
Source: Item 23 — RECEIPT (FDD pages 53–255)
What This Means (2025 FDD)
According to the 2025 Big Air Trampoline Park Franchise Disclosure Document, when signing the statement of ownership, the franchisee is assuring Big Air Franchising, LLC that there are no misunderstandings between them. They are also confirming that no violations of the law have occurred, and that Big Air Trampoline Park is relying on the statements made in the document.
The franchisee is confirming specific dates related to receiving the Franchise Disclosure Document, the first face-to-face meeting with a marketing representative, receiving a completed copy of the Franchise Agreement, signing the Franchise Agreement, and the earliest date on which consideration was delivered to the Marketing Representative or an officer of the Franchisor. These dates must be completed in the prospective franchisee's own handwriting.
Furthermore, the franchisee is representing that no oral, written, visual, or other promises, agreements, commitments, representations, understandings, or "side agreements" have been made, except as expressly set forth in the Franchise Agreement or an attached written Addendum signed by both parties. They also acknowledge that no promises, agreements, or understandings were made that expanded upon or were inconsistent with the Franchise Disclosure Document or the Franchise Agreement, except as explicitly stated. If there are no exceptions to these statements, the franchisee should write "NONE" in their own handwriting and initial it.