factual

What does the Confidential Information related to Cool Binz Businesses include?

Cool_Binz Franchise · 2025 FDD

Answer from 2025 FDD Document

  1. We possess (and will continue to develop and acquire) certain confidential information (the "Confidential Information") relating to the development and operation of COOL BINZ Businesses. The Confidential Information includes (without limitation):
  • a. general operating procedures for a COOL BINZ Business;
  • b. the proprietary COOL BINZ Software;
  • c. personnel guidelines for hiring, training, retaining, promoting, and supporting the marketing and sales staff;
  • d. the Business Manager and Technical Operations Training;
  • e. written marketing and advertising materials, audiotapes, videos, and programs for their utilization;
  • f. knowledge of specifications and suppliers of certain equipment and supplies for the COOL BINZ Business;
  • g. information on operating results and financial performance of COOL BINZ Businesses other than your own;
  • h. The Operations Manual and the COOL BINZ owners intranet website and its contents;
  • i. sales guidelines and strategies for developing business relationships in the insurance industry;
  • j. The Customer Information, as defined in Section 5.B below; and
  • k. Any other information we deem confidential.
    1. You acknowledge and agree that you do not acquire any interest in Confidential Information, other than the right to utilize that which is disclosed to you in operating the COOL BINZ Business during the term of this Agreement, and that the use or duplication of any Confidential Information in any other business would constitute an unfair method of competition. You also acknowledge and agree that the Confidential Information is proprietary, includes our trade secrets, and is disclosed to you only on the condition that you must, during and at all times after the term of this Agreement:
    • a. not use Confidential Information in any other business or capacity;
    • b. maintain the absolute confidentiality of Confidential Information;
    • c. not make unauthorized copies of any portion of Confidential Information disclosed via electronic medium or in written or other tangible form;
    • d. adopt and implement all reasonable procedures that we prescribe from time to time to prevent unauthorized use or disclosure of Confidential Information, including, without limitation, restrictions on disclosure to employees of the COOL BINZ Business and others; and
    • e. immediately upon the expiration of termination of this Agreement, return and cease using in any way all Confidential Information and provide us with immediate access to all computer or other electronic or other storage media, including without limitation, hard drives, memories, CDs, floppy disks, DVDs, zip drives, PDAs, jump drives or other peripheral drives and memory cards, containing any Confidential Information for the purpose of removing such Confidential Information or, if mutually agreed upon, surrender such devices to us.
    1. The foregoing restrictions will not apply to the information that:
    • a. is now public knowledge or hereafter becomes public knowledge through no fault of yours;
    • b. is properly provided to you without restriction by a third party having no such restriction;
    • c. is required to be disclosed by order of a competent court or governmental authority, provided, however, that you provide us with prompt written notice of any claim or litigation that could give rise to such a requirement, you furnish only that portion of the Confidential Information that you are required to disclose, and you advise the governmental authority of your confidentiality obligations under this Agreement and seek to obtain

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

What This Means (2025 FDD)

According to the 2025 Cool Binz Franchise Disclosure Document, Confidential Information relating to the development and operation of Cool Binz Businesses includes several key elements. These include general operating procedures, the proprietary Cool Binz Software, and personnel guidelines for hiring, training, and supporting marketing and sales staff. Also included are the Business Manager and Technical Operations Training programs, written marketing and advertising materials, and knowledge of specifications and suppliers for equipment and supplies.

Additionally, the Confidential Information encompasses data on the operating results and financial performance of Cool Binz Businesses (excluding the franchisee's own), the Operations Manual, the Cool Binz owners intranet website and its contents, and sales guidelines and strategies for developing business relationships within the insurance industry. Cool Binz also considers customer information and any other information they deem confidential as part of this protected category.

As a Cool Binz franchisee, you do not acquire any ownership interest in the Confidential Information, only the right to use it while operating your franchise. The agreement explicitly prohibits using or duplicating this information in any other business, as it would be considered unfair competition. Franchisees must maintain the absolute confidentiality of the information, avoid unauthorized copies, and implement procedures to prevent unauthorized use or disclosure, including restrictions on disclosure to employees.

Upon termination of the Franchise Agreement, the franchisee must return all Confidential Information and provide Cool Binz with access to all electronic storage media containing such information for removal. These restrictions do not apply to information that is already public knowledge or is provided without restriction by a third party. This extensive list highlights the importance Cool Binz places on protecting its proprietary information and the measures franchisees must take to safeguard it.

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.