Does the Cool Binz Disclosure Document include an Equipment Sales and Security Agreement as an exhibit?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
Equipment Sales and Security Agreement
EXHIBIT A-4 TO THE DISCLOSURE DOCUMENT
Source: Item 22 — CONTRACTS (FDD pages 62–63)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the document includes an Equipment Sales and Security Agreement as an exhibit. Specifically, Exhibit A-4 to the Disclosure Document is titled "Equipment Sales and Security Agreement."
This agreement likely outlines the terms and conditions under which a Cool Binz franchisee purchases or leases equipment necessary to operate the franchise. It may detail payment schedules, security interests, and responsibilities for equipment maintenance and repair.
Prospective Cool Binz franchisees should carefully review this agreement with legal counsel to understand their obligations regarding equipment purchases or leases, potential liabilities, and the process for resolving disputes related to the equipment.