What action does Cool Binz licensee agree to take regarding its employees to ensure non-disclosure?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
At the start of their employment, you must require, as consideration for employment, each of your Managing Owner, Designated Managers, sales and/or account management employees to sign non-disclosure and confidentiality agreements that we have specified or approved. Such agreements will prohibit disclosure, by the employee to any other person or legal entity, of any trade secrets, customer lists, or other information, knowledge, or know-how regarding the System or the operation of the COOL BINZ Business, which is deemed confidential and/or proprietary by us. Such employee non-disclosure and confidentiality agreements will, to the fullest extent permitted by applicable law, prevent employees from servicing or soliciting any of the customers of your Business, except in their capacities as employees of the COOL BINZ Business. We may require you to send us a copy of such agreements once fully signed.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, franchisees must ensure that certain employees sign non-disclosure and confidentiality agreements. Specifically, at the start of their employment, the franchisee must require their Managing Owner, Designated Managers, sales, and/or account management employees to sign these agreements as a condition of employment. These agreements must be either specified or approved by Cool Binz.
The purpose of these agreements is to protect Cool Binz's confidential information. The agreements will prevent employees from disclosing trade secrets, customer lists, or any other information, knowledge, or know-how related to the Cool Binz system or business operations that Cool Binz deems confidential or proprietary.
Furthermore, these agreements, to the fullest extent permitted by law, prevent employees from servicing or soliciting the franchisee's customers, except in their capacity as employees of the Cool Binz business. Cool Binz retains the right to request a copy of these signed agreements from the franchisee.