What is the purpose of including the phrase 'instrument' in the Big Air Trampoline Park document?

According to the 2025 FDD, the term "instrument" appears in the context of surety bonds and legal agreements related to Big Air Trampoline Park franchises. Specifically, it is used in conjunction with the execution of surety bonds, where the Principal (Big Air Franchising, LLC) and the Surety (Travelers Casualty and Surety Company of America) execute the document to ensure obligations are met. The inclusion of "instrument" signifies a formal, legal document that binds the parties involved. This is further emphasized by the inclusion of signatures, seals, and acknowledgments from authorized representatives, such as Robert L. Raney, Senior Vice President, and Anna P. Nowik, Notary Public.

The use of "instrument" in the context of surety bonds is important because it establishes a legally binding agreement that protects the interests of the State of Washington and any interested persons. The surety bond ensures that Big Air Trampoline Park complies with the conditions and requirements of permits and franchises related to constructing and maintaining facilities along highways. If Big Air Trampoline Park fails to meet these obligations, the surety bond provides a means for the State of Washington or other interested parties to recover damages, up to the sum of $60,000 as stated in one bond example.

Furthermore, the term "instrument" is also used in the context of governing law for the Nondisclosure and Noncompetition Agreement, where it specifies that the agreement is governed by the laws of California, except where governed by Indiana franchise laws. This indicates that the document itself, the "instrument," is subject to legal interpretation and enforcement under the specified jurisdiction. For a prospective franchisee, understanding the legal implications of such instruments is crucial, as it defines their rights, obligations, and potential liabilities under the franchise agreement and related documents.