What is considered 'Co-Venturing' for Cool Binz franchisees?

According to Cool Binz's 2025 Franchise Disclosure Document, 'Co-Venturing' refers to any project or enterprise undertaken jointly by two or more Cool Binz franchisees. Cool Binz requires that all co-venturing activities be managed through them, meaning franchisees cannot directly negotiate with each other without prior written approval from Cool Binz.

This requirement ensures that Cool Binz maintains control over the brand and service quality when multiple franchisees collaborate on a project. It allows Cool Binz to oversee the coordination and execution of larger projects that might be beyond the capacity of a single franchisee.

However, the FDD also states that franchisees may solicit help from other contractors or hire temporary staff to complete specific jobs, provided they obtain prior written permission from Cool Binz. This provides franchisees with some flexibility to manage their workload and resources while still adhering to the franchisor's guidelines. This also means that franchisees need to seek approval for both co-venturing with other franchisees and for hiring outside help, ensuring Cool Binz has oversight over how services are delivered under its brand.