Does the Cool Binz agreement state that I am entering into the agreement based on my own independent investigation?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
greement, remain in full force and effect. Further this it to confirm that we have made no other promises or commitments of any nature concerning this or any other aspect of your franchise business that have not been set forth in writing, and any future promises, commitments or assurances must be in writing and signed by both of us, to be enforceable.
15.L. CONSTRUCTION AND INTEGRATION. The following language shall be deleted in its entirety:
"You acknowledge that you are entering into this Agreement as a result of your
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the franchise agreement initially includes an acknowledgement that the franchisee is entering the agreement based on their own independent investigation of the Cool Binz business. It specifies that this decision is not based on any representations made by Cool Binz's shareholders, officers, directors, employees, agents, representatives, independent contractors, or franchisees that contradict the terms of the agreement or the disclosure document.
However, the FDD also states that this specific acknowledgement is deleted in its entirety. This means that the franchisee is NOT explicitly acknowledging in the agreement that they conducted an independent investigation.
This change could have legal implications, potentially affecting the franchisee's ability to claim reliance on representations made by Cool Binz during the franchise sales process. Prospective franchisees should carefully consider this modification and seek legal advice to understand its impact on their rights and obligations.