What amendment will be made to Section 1.F. of the Cool Binz Franchise Agreement?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
Within the Territory, you have the right to (1) advertise, market, and provide any Customer with the Services, except as otherwise described in this Agreement; (2) you have the right to NORA referrals for zip codes assigned to your Territory, except as provided in Sections 1.F and 7.A of this Franchise Agreement. We cannot guarantee your participation in these programs. If you are not compliant with your Franchise Agreement, program requirements, or fail to perform program work adequately, we may direct NORA referrals to another franchisee or ourselves; (3) you have the right to Call Center referrals for ZIP codes assigned to your Territory, subject to Section 2.I. below; and (4) you have the right to have the only COOL BINZ office location in your Territory.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, Section 1.F of the Franchise Agreement is referenced within the context of territory rights and NORA referrals. Specifically, franchisees have the right to NORA referrals for zip codes assigned to their territory, "except as provided in Sections 1.F and 7.A of this Franchise Agreement."
This indicates that Section 1.F likely contains some exceptions or limitations to the franchisee's right to receive NORA referrals within their designated territory. The document also states that Cool Binz cannot guarantee participation in these programs and may direct NORA referrals to another franchisee or themselves if the franchisee is not compliant with the Franchise Agreement, program requirements, or fails to perform program work adequately.
Prospective Cool Binz franchisees should carefully review Sections 1.F and 7.A of the Franchise Agreement to fully understand the conditions under which they may not receive NORA referrals. They should also inquire about the specific requirements for maintaining compliance and ensuring adequate performance to avoid losing these referrals to other franchisees or to Cool Binz itself. Understanding these limitations is crucial for assessing the potential revenue and customer acquisition opportunities within their territory.