What is the purpose of including the document date in the Big Air Trampoline Park document?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
portion of the Franchise Agreement and/or the Multi-Unit Development Agreement dated the , 20, and of the Franchise Disclosure Document, but only to the extent they are then valid requirements of an applicable and enforceable state law, and for only so long as such state law remains in effect, and the parties further acknowledge and agree that this State-Specific Addendum is applicable only to those persons specifically subject to the protections of the state laws referenced in this State-Specific day of Addendum. California Michigan Rhode Island Hawaii Minnesota South Dakota Illinois New York Virginia Indiana North Dakota Washington Maryland Ohio Wisconsin DATED this day of, 20 BIG AIR FRANCHISING, LLC
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, dating is included in several exhibits and addenda to specify when certain amendments or agreements are effective. For example, state-specific addenda, amendments to the multi-unit development agreement, and surety bonds all include dates. These dates clarify when the provisions outlined in these documents become applicable. This is particularly important because franchise agreements and related documents can be modified over time, and the date ensures all parties are aware of which version of the agreement or amendment is in effect.
For a prospective Big Air Trampoline Park franchisee, the inclusion of dates on these documents is crucial for understanding their obligations and rights at any given time. Franchise laws and regulations can change, and the franchisor may update its agreements. The dates on the state-specific addenda, for instance, indicate when certain state laws take precedence over the standard franchise agreement. Similarly, the dates on surety bonds are important because they define the period during which the bond is active and available to cover potential franchisee claims.
Furthermore, the dates associated with amendments to agreements, such as the multi-unit development agreement, ensure that both the franchisor and franchisee are aligned on the current terms. This is especially relevant for multi-unit franchisees who may have agreements spanning several years, as amendments could alter development schedules, fees, or other key aspects of the franchise relationship. Therefore, carefully noting the dates on all documents is essential for a Big Air Trampoline Park franchisee to stay informed and compliant with the most current terms and conditions.
In summary, the inclusion of dates throughout the Big Air Trampoline Park franchise documents serves to provide clarity and accountability regarding the effective periods of various agreements, addenda, and amendments. This helps to avoid confusion and ensures that all parties are operating under the correct and current terms, which is vital for a successful and legally sound franchise relationship.