What action must a Cool Binz licensee take to protect the Cool Binz Franchise Management Software System?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Copies and Listings: The Licensee shall not copy or reverse-engineer the Product in whole or in part, nor shall it permit other parties to do so.
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- Protection of Product: Licensee agrees not to make available to any party the Product or any of its parts. Licensee agrees to take appropriate action with its employees and any other parties to obtain assurances of non-disclosure consistent with this Agreement.
- Licensee recognizes that the Product is Franchisor's copyrighted property, represents a large investment of human and financial resources by Franchisor, is a trade secret of Franchisor, and is confidential information. Licensee agrees to keep the Product, and all related materials, confidential. Licensee will use its best efforts, including any reasonable security precautions as Franchisor may request, to insure that the proprietary rights of Franchisor are preserved to the fullest extent possible under the law. In addition to the right to terminate this Agreement, Franchisor shall be entitled to seek appropriate injunctive relief in the event of any violation of the confidentiality of its copyrighted materials, and to bring an action at law where appropriate.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to the 2025 Cool Binz Franchise Disclosure Document, as a licensee, you must prevent unauthorized access to the COOL BINZ Franchise Management Software System. You are prohibited from copying or reverse-engineering the software, either in full or partially, and must not allow others to do so.
To protect the software, you must not make the COOL BINZ software available to any third party or its components. You're obligated to secure assurances of non-disclosure from your employees and any other parties who might have access, ensuring they understand the confidential nature of the software. Cool Binz considers the software a trade secret, a significant investment, and copyrighted property.
Cool Binz requires you to use your best efforts and reasonable security precautions to preserve their proprietary rights to the fullest extent under the law. If you violate the confidentiality of their copyrighted materials, Cool Binz has the right to terminate the agreement and seek injunctive relief and legal action if necessary. You are also required to keep the COOL BINZ Software and related materials confidential.