What cooperation is required from a Cool Binz franchisee to effectuate changes in telephone numbers or other transfers of property?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
or citation, which may adversely affect the operation or financial condition of you or the COOL BINZ Business.
B. MODIFICATION OF SYSTEM STANDARDS.
You acknowledge and agree that the System must continue to evolve to reflect changing market conditions and to meet new and changing consumer demands. As a consequence, changes, modifications, and variations to the Systems Standards may be required periodically to preserve and enhance the public image of the System and enhance the operational efficiency of all COOL BINZ franchisees.
You, therefore, agree that we may periodically, and upon reasonable notice to you, add to, modify, phase out, or change the System, including without limitation, the adoption and use of new or modified trademarks, uniforms, signs, vehicle types, telephone numbers and technologies, products, equipment, services, techniques, proprietary software, non-proprietary software, methodologies and sales strategies. You must promptly accept, implement, use, and display in the
operation of your COOL BINZ Business, all such additions, modifications, and changes at your expense.
All products and materials must meet System Standards and specifications for representation of the Marks, and be pre-approved by us regardless of the supplier. In the event you wish to purchase an unapproved item, including inventory, and/or acquire approved items from an unapproved supplier, you must provide us a written request for approval, including a proof of the materials you wish to order. We will notify you in writing of our approval or disapproval within ten (10) days of receipt of the materials and your written request. We have no obligation to approve any particular products, service or supplier. If you do not receive approval within ten (10) days, you should consider the materials disapproved. All products and materials must meet the quality of our current suppliers, and correctly bear the Marks. Standards and specifications are periodically modified to meet changing market conditions and are published in our Operations Manual and on our web site. You must reimburse us our reasonable costs, regardless of if we subsequently approve your request.
Use of products and materials that have not received our prior written approval and/or do not meet our standards and specifications can result in the termination of this Agreement. Standards and specifications are updated periodically at our sole determination and are made available to you on our COOL BINZ owners' intranet website and in the Operations Manual.
**C.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, Cool Binz may periodically add to, modify, phase out, or change the System, including the adoption and use of new or modified trademarks, uniforms, signs, vehicle types, telephone numbers and technologies, products, equipment, services, techniques, proprietary software, non-proprietary software, methodologies and sales strategies. The franchisee must promptly accept, implement, use, and display in the operation of their Cool Binz Business, all such additions, modifications, and changes at their own expense.
As a Cool Binz franchisee, you are required to notify Cool Binz in writing within five days of any action, suit, proceeding, order, notice, or citation that may adversely affect the operation or financial condition of you or your Cool Binz Business. This ensures Cool Binz is aware of any potential issues and can provide support or guidance as needed.
Regarding transfers of the franchise, the document states that franchisees cannot transfer the agreement without prior written approval from Cool Binz. This includes any voluntary, involuntary, direct, or indirect transfer of the agreement, the Cool Binz Business or its assets, or any ownership interest in the franchisee entity. Any transfer without prior approval is void and constitutes a breach of the agreement. Cool Binz will not unreasonably withhold approval if certain conditions are met, such as the franchisee being in full compliance with all agreements and the transferee demonstrating sufficient business experience and financial resources.