factual

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

Big_Air_Trampoline_Park Franchise · 2025 FDD

Answer from 2025 FDD Document

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

My Commission expires the 30th day of June, 2026

Jana & Naik

Robert L. Raney, Senior Vice President

Source: Item 22 — CONTRACTS (FDD page 53)

What This Means (2025 FDD)

According to the 2025 FDD, the phrase "official seal" appears in the context of acknowledging signatures on legal documents, specifically within the Power of Attorney and California All-Purpose Acknowledgement sections. These sections relate to surety bonds and verifying the identity of individuals signing documents. The inclusion of an official seal, such as that of a notary public, serves to authenticate the signatures and confirm that the person signing the document is authorized to do so. This is a standard legal practice to ensure the validity and enforceability of contracts and agreements.

For a prospective Big Air Trampoline Park franchisee, this means that certain documents, like surety bonds or acknowledgements, require verification by a notary public or other authorized officer. The presence of an official seal provides assurance that the signatures are legitimate and that the individuals signing have been properly identified and authorized. This is particularly relevant to agreements with legal and financial implications, such as those related to franchise obligations or financial security.

The FDD also notes that in California, a notary public verifies only the identity of the individual signing the document, not the truthfulness, accuracy, or validity of the document itself. Therefore, while the official seal authenticates the signature, it does not guarantee the content of the document. Franchisees should still carefully review all documents and seek legal advice to fully understand their rights and obligations.

In the context of surety bonds, the official seal helps to ensure that the bond is legally binding and enforceable. For example, Big Air Franchising, LLC has two surety bonds in California, one for $60,000 and another for $240,000, to protect franchisees in the event that Big Air Trampoline Park does not fulfill its obligations. The official seals on these bonds, along with proper signatures and acknowledgements, are critical for their legal validity.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.