When did the Intellectual Property License for Big Air Trampoline Park commence?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
The "BIG AIR TRAMPOLINE PARK and LOGO" Marks and the System are owned by H2O. H2O has granted us a non-exclusive license ("Intellectual Property License") to use the intellectual property for purposes of franchising the System around the world. The Intellectual Property License extends for 50 years, commencing February 11, 2015 provided that we are not in default or do not materially breach the Intellectual Property License by engaging in any activity which damages the Marks or the goodwill of the System. In the event the Intellectual Property License is terminated, H2O has agreed to negotiate a license with our licensees to use the "BIG AIR TRAMPOLINE PARK and LOGO" Marks and the System on substantially the same terms as the terms in our Intellectual Property License.
Source: Item 13 — TRADEMARKS (FDD pages 36–38)
What This Means (2025 FDD)
According to Big Air Trampoline Park's 2025 Franchise Disclosure Document, the Intellectual Property License commenced on February 11, 2015. This license, granted to the franchisor by H2O, allows Big Air Trampoline Park to use intellectual property, including the "BIG AIR TRAMPOLINE PARK and LOGO" service mark, for franchising the Big Air Trampoline Park system globally. The license extends for a term of 50 years.
This agreement is subject to certain conditions. The franchisor must not be in default or materially breach the Intellectual Property License by engaging in activities that could damage the trademarks or the goodwill of the Big Air Trampoline Park system. If the Intellectual Property License is terminated, H2O has agreed to negotiate a license with Big Air Trampoline Park franchisees to use the trademarks and system under substantially the same terms as the original Intellectual Property License.
For a prospective franchisee, this arrangement provides some assurance that they will be able to continue using the Big Air Trampoline Park brand and system even if the primary license between the franchisor and H2O is terminated. However, it's important to understand the potential implications of such a termination and the terms under which a new license would be negotiated. A prospective franchisee should seek clarification from the franchisor regarding the specific conditions that could lead to the termination of the Intellectual Property License and the potential impact on their franchise.