What is the consequence of breaching the Cool Binz Confidentiality and Non-Disclosure Agreement?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
You further recognize that breach of this Confidentiality and Non-Disclosure Agreement by you will cause severe and irreparable damage to Cool Binz International, LLC, and that Cool Binz International, LLC, may pursue all of its rights and remedies after any breach, including specific performance.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, a breach of the Confidentiality and Non-Disclosure Agreement can result in significant repercussions. Cool Binz International, LLC views such breaches as causing "severe and irreparable damage" to their business.
As a result, Cool Binz International, LLC has the right to pursue all available legal remedies. These remedies specifically include seeking specific performance, which is a legal action compelling the breaching party to fulfill the terms of the agreement. This means a franchisee could be legally forced to uphold the confidentiality provisions.
This clause underscores the importance Cool Binz places on protecting its proprietary information and trade secrets. Prospective franchisees should carefully review the terms of the Confidentiality and Non-Disclosure Agreement and understand their obligations to maintain the confidentiality of the information they receive.