What must a Big Air Trampoline Park franchisee execute when transferring the franchise agreement?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
- (vi) At Franchisor's option, the transferee must sign (and, upon Franchisor's request, shall cause all interested parties to sign), for a term ending on the expiration date
of the Franchise Agreement(s) and with the successor term as may be provided by the Franchise Agreement(s), the standard form of Franchise Agreement and Multi-Unit Development Agreement then being offered to new Multi-Unit Developers and any other ancillary agreements as Franchisor may require for the Big Air Trampoline Facilities, which agreements shall supersede the Franchise Agreements and the Multi-Unit Development Agreement between the Multi-Unit Developer and Franchisor in all respects and the terms of which agreements may differ from the terms of the Franchise Agreements and Multi-Unit Development Agreement, including, without limitation, the implementation of other fees and different royalty rates;
- (vii) The Multi-Unit Developer and its principals must remain liable for all direct and indirect obligations to Franchisor in connection with the Big Air Trampoline Facilities before the effective date of transfer and will continue to remain responsible for their obligations of nondisclosure, noncompetition and indemnification as provided in the Franchise Agreements and Personal Guaranty, attached into this Agreement as Attachment C, and shall sign any and all instruments reasonably requested by Franchisor to further evidence this liability; and
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 a franchisee seeks to transfer their franchise agreement, the proposed transferee may need to sign certain agreements. At Big Air Trampoline Park's option, the transferee must sign the standard form of Franchise Agreement and Multi-Unit Development Agreement then being offered to new Multi-Unit Developers for a term ending on the expiration date of the Franchise Agreement(s) and with the successor term as may be provided by the Franchise Agreement(s). The transferee may also need to sign any other ancillary agreements as Big Air Trampoline Park may require for the Big Air Trampoline Facilities. These agreements will supersede the Franchise Agreements and the Multi-Unit Development Agreement between the Multi-Unit Developer and Big Air Trampoline Park in all respects, and their terms may differ from the terms of the original agreements, potentially including different fees and royalty rates.
Furthermore, the Multi-Unit Developer and its principals must remain liable for all direct and indirect obligations to Big Air Trampoline Park in connection with the Big Air Trampoline Facilities before the effective date of transfer. They will continue to be responsible for their obligations of nondisclosure, noncompetition, and indemnification as provided in the Franchise Agreements and Personal Guaranty, attached into this Agreement as Attachment C. The Multi-Unit Developer and its principals shall sign any and all instruments reasonably requested by Big Air Trampoline Park to further evidence this liability.
These requirements ensure that Big Air Trampoline Park maintains control over its brand and operations, even when a franchise changes hands. The new agreements ensure the transferee is bound by the current standards and obligations of the franchise system. The continued liability of the original Multi-Unit Developer provides additional security for Big Air Trampoline Park, covering any outstanding obligations or potential breaches related to the period before the transfer. Prospective franchisees should carefully review these conditions to understand the full scope of their responsibilities and potential liabilities when considering a transfer.