Who is the Principal named in the Surety Bond for Big Air Trampoline Park?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
| Bond No: 107815228 | |
|---|---|
| KNOW ALL MEN BY THESE PRESENTS: | |
| That we BIG AIR FRANCHISING, LLC | , as |
| principal, and Travelers Casualty and Surety Company of America | , a |
| principal, and Travelers Casualty and Surety Company of America corporation, created, organized and existing under and by v | irtue of the laws of the State of |
| CONNECTICUT_, as surety, are held and firmly bound unterested, and for the use of any interested person or persons against the above-named principal of said bond under the person in the state of California, in the | who may have a cause of action rovisions of the Law entitled |
| $240,000.00, lawful money of the United States of Ame | erica, to be paid to the State of |
| California, or to any person or persons, for the use and bene well and truly to be made, we bind ourselves, our heirs, exe and assigns, jointly and severally, firmly by these presents. | efit aforesaid, for which payment cutors, administrators, successors |
| The condition of the above obligation is such that |
| Bond No. 800007857 | |
|---|---|
| KNOW ALL MEN BY THESE PRESENTS: | |
| That we Big Air Franchising, LLC | , as |
| principal, and Atlantic Specialty Insurance Company | , a |
| corporation, created, organized and existing under and by virtue of the laws of | f the State of |
| New York , as surety, are held and firmly bound unto the State of Cal and for the use of any interested person or persons who may have a cause of a named principal of said bond under the provisions of the Law entitled "Francisco". | ction against the above- |
| the State of California, in the aggregate sum of $60,000.00 , lawful more America, to be paid to the State of California, or to any person or persons, for aforesaid, for which payment well and truly to be made, we bind ourselves, or administrators, successors and assigns, jointly and severally, firmly by these parts of the state of California. | the use and benefit ir heirs, executors, |
| Во | nd No. 107815250 |
|---|---|
| KNOW ALL MEN BY THESE PRESENTS: That we, BIG AIR | FRANCHISING, LLC |
| of ORANGE County C | ALIFORNIA as |
| Principal, and Travelers Casualty and Surety Company of America | a , lawfully doing business in the State of Washington, |
| as Surety, are held and firmly bound unto the State of Washington | on, for the benefit of any interested person, in the sum of |
| Sixty Thousand do | illars, to be paid to the State of Washington for the use and benefit of |
| any interested person, for which sum well and | |
| truly to be paid, said Principle and Surety jointly and severally bi | ind themselves, heirs, executors, administrators, and assigns, |
| firmly by these presents: | |
| THE CONDITIONS OF THIS OBLIGATION ARE SUCH THAT, | |
| provisions of Chapter 47.50 RCW and/or Chapter 47.32 RCV | with the Washington State Department of Transportation, under the Wand/or Chapter 47.44 RCW and amendments thereto, application |
| for a Permit or Franchise to construct, operate, and maintain | its facilities along, under, and across various highways under lation. |
| jurisdiction of the Washington State Department of Transport | |
| The Washington State Department of Transportation, has ag | reed to allow the Principal to construct these facilities under the |
| provisions of the Permit or Franchise number | t if all the conditions and requirements of said permits and franchises, |
| including but not limited to performance of the subject work and | the proper restoration of slopes, slope treatment, right of way, topsoil, |
| landscape treatment, drainage facilities, and cleanup of right of | way, are complied with according to the terms contained in said |
| Permits and Franchises by said Principal, through a period in a | ccordance with Chapter 468.34.020(3) WAC and upon receipt of a |
| written discharge from the State, then this obligation shall beco | me null and void; otherwise, this bond to remain in full force and effect |
| WITNESS our hands and seals this day | of April 2023 Principal: BIG AIR FRANCHISING, LLC |
| NOTE: Below the signatures type or print the name and title of the Parties executing this bond | Address: 999 CORPORATE DR STE 215 |
| of the Parties executing this bond | LADERA RANCH, CA 92694-2148 EADERA RAITCH, CA 7207-2140 |
| Correspondence regarding this bond should be mailed to: | Telephone: |
| WASHINGTON STATE | 21931K |
| DEPARTMENT OF TRANSPORTATION | Ву: |
| Region: | Title: President |
| Address: | Surety: Travelers Casualty and Surety Company of America Address: One Tower Square Hartford, CT 06183 Harttord, C1 00183 Telephone: |
| Ву: | 22 |
| Title: | By: Lance Russell E. Vance |
| A 1100/27 | Title: Attorney-in-Fact |
| Date: | - 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 (Sur survey) HATTOPO. |
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 Big Air Trampoline Park FDD, Big Air Franchising, LLC is listed as the principal in multiple surety bonds. These bonds are required for compliance with franchise regulations in states like California and Washington. For instance, one bond (No. 107815228) involves Big Air Franchising, LLC as the principal and Travelers Casualty and Surety Company of America as the surety, with a value of $240,000 for obligations in California. Another bond (No. 800007857) lists Big Air Franchising, LLC as the principal and Atlantic Specialty Insurance Company as the surety, with a value of $60,000, also for California. A further bond (No. 107815250) identifies Big Air Franchising, LLC as the principal and Travelers Casualty and Surety Company of America as the surety for obligations in Washington, valued at $60,000.
These surety bonds ensure that Big Air Trampoline Park adheres to franchise laws and fulfills its obligations to franchisees, such as providing real estate, improvements, equipment, training, and other items as promised in the franchise agreement. If Big Air Trampoline Park fails to meet these obligations, the bond can be used to compensate affected parties. The specific terms and conditions of each bond, including the covered obligations and claim procedures, are detailed in the bond agreements.
Prospective franchisees should review these bond agreements carefully to understand their rights and protections. It is also important to note that the surety company, such as Travelers Casualty and Surety Company of America or Atlantic Specialty Insurance Company, provides a guarantee that Big Air Trampoline Park will meet its obligations. Claim procedures and coverage details are outlined in the bond documents, offering franchisees a recourse in case of non-compliance by Big Air Trampoline Park.