After a valid assignment of the Big Air Trampoline Park agreement, what obligations does the assignee have?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
- 15.5 With and after each valid assignment of this Agreement pursuant to this Section 15, the assignee or assignees of Franchisee shall be deemed to be Franchisee under this Agreement and will be bound by and liable for all of Franchisee's existing and future obligations.
Source: Item 23 — RECEIPT (FDD pages 53–255)
What This Means (2025 FDD)
According to the 2025 FDD, after a valid assignment of the Big Air Trampoline Park agreement, the assignee is considered the franchisee and is bound by all existing and future obligations of the franchisee. This means the new franchisee takes on all responsibilities and liabilities outlined in the original franchise agreement.
This obligation extends to all aspects of the agreement, ensuring the Big Air Trampoline Park franchise operates consistently under the established standards. The assignee must adhere to all operational guidelines, financial commitments, and brand requirements as if they were the original franchisee.
This provision protects Big Air Trampoline Park by ensuring that any new operator is fully accountable for maintaining the franchise's integrity and performance. For a prospective assignee, it is crucial to thoroughly review the franchise agreement to understand the full scope of responsibilities they will be undertaking.