Where is Russell E. Vance located, who is appointed as the Attorney(s)-in-Fact for Big Air Trampoline Park?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
KNOW ALL MEN BY THESE PRESENTS: That Travelers Casualty and Surety Company of America, Travelers Casualty and Surety Company, St. Paul Fire and Marine Insurance Company, and Farmington Casualty Company are corporations duly organized under the laws of the State of Connecticut (herein collectively called the "Companies"), and that the Companies do hereby make, constitute and appoint Russell E. Vance, of Hartford, CT, their true and lawful Attorney(s)-in-Fact, to sign, execute, seal and acknowledge the following bond:
Surety Bond No.: 107815250
Principal: BIG AIR FRANCHISING, LLC
IN WITNESS WHEREOF, the Companies have caused this instrument to be signed and their corporate seals to be hereto affixed, this 21st day of April, 2021.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to Big Air Trampoline Park's 2025 Franchise Disclosure Document, Russell E. Vance, who is appointed as the Attorney(s)-in-Fact for Travelers Casualty and Surety Company of America, is located in Hartford, CT. This appointment allows Vance to sign, execute, seal, and acknowledge bonds on behalf of these companies, specifically related to surety bonds for Big Air Franchising, LLC.
This information is relevant to prospective franchisees as it identifies the individual authorized to act on behalf of the surety company for bond-related matters. Surety bonds are often required to ensure compliance with franchise agreements and to protect the franchisor and franchisee in various situations. Knowing the location of the Attorney-in-Fact can be important for legal and administrative purposes related to these bonds.
The Power of Attorney granted to Russell E. Vance is part of the contractual agreements associated with the Big Air Trampoline Park franchise. It's a standard legal document that outlines the scope and limitations of the attorney's authority. Franchisees may encounter this information when dealing with bonding requirements or legal aspects of their franchise agreement. The document also specifies that the Companies (Travelers Casualty and Surety Company of America, Travelers Casualty and Surety Company, St. Paul Fire and Marine Insurance Company and Farmington Casualty Company) have caused the instrument to be signed and their corporate seals to be affixed on April 21, 2021.
It is important for franchisees to understand the roles and responsibilities of all parties involved in the franchise agreement, including attorneys-in-fact and surety companies. This ensures that they are aware of their rights and obligations and can navigate any legal or administrative issues that may arise during the course of their franchise operation.