factual

What agreement must additional attendees sign before attending the Cool Binz Business Manager and Technical Operations Training?

Cool_Binz Franchise · 2025 FDD

Answer from 2025 FDD Document

You may designate, with our approval and on a "space available" basis, additional persons to attend other sessions of the Business Manager and Technical Operations Training for which you will be charged our then-current Business Manager and Technical Operations Training fee. In addition, each person we approve to attend the Business Manager and Technical Operations Training will be required to sign our then-current form of confidentiality and non-disclosure agreement before the start of training. The Business Manager and Technical Operations Training fee will be due and payable before the start of the training program and you will be responsible for the payment of all travel and living expenses incurred by your designees while training.

Source: Item 23 — RECEIPTS (FDD pages 63–238)

What This Means (2025 FDD)

According to Cool Binz's 2025 Franchise Disclosure Document, if a franchisee designates additional people to attend the Business Manager and Technical Operations Training, each approved attendee must sign Cool Binz's current confidentiality and non-disclosure agreement before the training begins. The franchisee is also responsible for paying Cool Binz's then-current Business Manager and Technical Operations Training fee for each additional attendee, as well as covering all travel and living expenses incurred by these designees during training.

This requirement ensures that all individuals participating in the training are bound by the same confidentiality standards, protecting Cool Binz's proprietary information. The franchisee bears the financial responsibility for additional attendees, which includes both the training fee and all associated travel and living costs. This could represent a significant expense, especially if multiple employees are sent for training or if travel distances are substantial.

Franchisees should factor these costs into their budget when considering sending additional personnel to the Business Manager and Technical Operations Training. It is also important to obtain clarity from Cool Binz regarding the 'then-current form of confidentiality and non-disclosure agreement' to fully understand the obligations and restrictions it imposes on attendees. Understanding these requirements and costs upfront will help franchisees make informed decisions about training and staffing.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.