What is the impact of a supersedeas bond on a judgment against a Big Air Trampoline Park franchisee?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
- (e) Any material judgment (or several judgments which in the aggregate are material) is obtained against Franchisee and remains unsatisfied or of record for 30 days or longer (unless a supersedeas or other appeal bond has been filed); or if execution is levied against Franchisee's Big Air Trampoline Business or any of the property used in the operation of the Big Air Trampoline Business and is not discharged within five days; or if the real or personal property of Franchisee's Big Air Trampoline Business shall be sold after levy thereupon by any sheriff, marshal or constable;
Source: Item 23 — RECEIPT (FDD pages 53–255)
What This Means (2025 FDD)
According to Big Air Trampoline Park's 2025 Franchise Disclosure Document, a material judgment against a franchisee can lead to repercussions unless a supersedeas bond has been filed. Specifically, if a franchisee has a material judgment against them that remains unsatisfied for 30 days or more, this constitutes a breach of the franchise agreement, potentially leading to termination.
However, the filing of a supersedeas bond provides a legal safeguard. A supersedeas bond essentially suspends the enforcement of a judgment while the franchisee appeals the decision. By filing this bond, the Big Air Trampoline Park franchisee can prevent the franchisor from taking action based on the unsatisfied judgment during the appeal process. This offers the franchisee time to resolve the judgment through the appeals process without immediately risking their franchise agreement.
This condition protects the franchisee from immediate repercussions due to a judgment, provided they take timely action to appeal and secure a supersedeas bond. Without the bond, Big Air Trampoline Park has grounds to act against the franchisee if a material judgment remains unresolved for more than 30 days.