What happens if a Big Air Trampoline Park franchisee fails to submit a schedule?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
(e) Franchisee fails, refuses or neglects to submit a statement of monthly revenues accompanying the Royalty Fee or National Advertising and Promotions Fees or any other report required under the Agreement when due;
(g) Franchisee fails to comply with any other provision of this Agreement or any specification, standard or operating procedure prescribed by Franchisor and does not correct such failure within 10 days (or 30 days if this is the first non-compliance or breach) after written notice from Franchisor (which shall describe the action that Franchisee must take) is delivered to Franchisee.
17.3 Notwithstanding the foregoing, if the breach is curable, but is of a nature which cannot be reasonably cured within such 30 day period and Franchisee has commenced and is continuing to make good faith efforts to cure the breach during such 30 day period, Franchisee shall be given an additional reasonable period of time to cure the same, but in no event longer than 30 additional days.
In that event, this Agreement will terminate without further notice to Franchisee, effective upon expiration of the 30-day period.
Source: Item 23 — RECEIPT (FDD pages 53–255)
What This Means (2025 FDD)
According to the 2025 Big Air Trampoline Park FDD, if a franchisee fails, refuses, or neglects to submit a statement of monthly revenues accompanying the Royalty Fee or National Advertising and Promotions Fees or any other report required under the agreement when due, it constitutes a default under the agreement.
If such a default occurs, Big Air Trampoline Park may provide a written notice to the franchisee, who then has a period to correct the failure. Specifically, the franchisee has 10 days to correct the failure, but if this is the first instance of non-compliance or breach, the franchisee has 30 days to correct the issue after receiving written notice from Big Air Trampoline Park. The notice will describe the action the franchisee must take to rectify the situation.
However, if the breach is of a nature that it cannot be reasonably cured within the initial 30-day period, and the franchisee has commenced and is making good faith efforts to cure the breach, Big Air Trampoline Park will grant an additional reasonable period of time, not exceeding 30 days, to fully cure the breach. If the franchisee fails to rectify the situation within the given time frame, it can lead to the termination of the franchise agreement without further notice, effective upon the expiration of the 30-day (or extended) period.