What is the purpose of including the phrase 'signature(s)' in the Big Air Trampoline Park document?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
| this bond shall be limited to the payment of $80,000.00 | ) |
|---|---|
| 3. That the surety or sureties may cancel this bond and be relieved of furthereunder by delivering thirty days' written notice to the Commissioner of Business State of California; however, such cancellation shall not affect any liability incurred hereunder prior to the termination of said thirty day period. | |
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es are released from |
| liability by said Commissioner or until the bond is canceled by said surety or suretie |
- That the effective date of this bond shall be May 5, 2022
IN WITNESS WHEREOF, The seal and signature of the said principal is hereto affixed and the corporate seal and the name of said surety is hereto affixed and attested by its duly authorized officers at Greenwood Village. CO this _______, this ________, this ________, this __________, this ___________, this ____________________________________
Principal
....
Surety , Attorney-In-Fact
SEAL 1986
DBO - 31113 (Rev 8-13)
CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT
Civil Code § 1189
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfullness, accuracy or validity of that document.
| Personally appeared Kristin L. Salazar Name and of Numes and Williams and Williams and Williams and Williams and Williams and Williams and Williams and Williams and Williams and Williams and williams and williams and exhonwledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. Certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. Witness my hand and official seal. Signature Accept Public Septimbre OPTIONAL Though the information below is not required by law, it may prove valuable to the persons relying on the document and could prevent traudulent removal and reattachment of this form to another document. Description of Attached Document Title or Type of Document Document Date Number of Pages: Individual Corporate Officer — Title(s): Page 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan 18 Jan | State of
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 Big Air Trampoline Park FDD, the term "signature(s)" is used within the context of acknowledging that an individual or entity has formally executed a document. Specifically, it appears in a California All-Purpose Acknowledgment, which is used to verify the identity of the person signing the document, and confirms that they are authorized to act on behalf of the entity, if applicable. This acknowledgment helps to ensure the document's validity. The notary public verifies the identity of the individual signing the document, but not the truthfulness, accuracy, or validity of the document.
For a prospective Big Air Trampoline Park franchisee, this means that when signing legal documents such as the Franchise Agreement, Multi-Unit Development Agreement, or any related forms, their signature confirms their intent to be bound by the terms of the agreement. If the franchisee is signing on behalf of a corporation or other legal entity, the signature confirms that they have the authority to do so. The inclusion of "signature(s)" also implies that multiple parties may be required to sign the same document, depending on the nature of the agreement and the parties involved.
The presence of a California All-Purpose Acknowledgment form suggests that the document is intended to be legally binding and enforceable, particularly within the state of California. This acknowledgment helps to prevent fraudulent removal and reattachment of the form to another document. Franchisees should ensure they fully understand the contents of any document before signing, as their signature(s) will be taken as confirmation of their agreement to the terms outlined within.