What is the document referencing when it mentions the 'Franchise Agreements' for Cool Binz?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
te that you agree to the conditions, as stated above, under which confidential information will be furnished to you by signing a copy of this letter in the space provided below.
| By: | Signature | Date: | |
|---|---|---|---|
EXHIBIT A-3 TO THE FRANCHISE DISCLOSURE DOCUMENT
GENERAL RELEASE(S)
GENERAL RELEASE – REQUIRED UPON RENEWAL
THIS SETTLEMENT AND RELEASE is being made by and between COOL BINZ INTERNATIONAL, LLC ("FRANCHISOR") and [Name] (together referred to as the "FRANCHISE OWNER" and/or "you") resident of [State], and [Corp/LLC,] ("Franchisee")
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to the 2025 Cool Binz Franchise Disclosure Document, the 'Franchise Agreements' refer to the agreement between Cool Binz International, LLC (the franchisor) and the franchise owner for operating a Cool Binz business within a defined territory. This agreement is being renewed, as indicated in Exhibit A-3, which is a general release required upon renewal.
The document emphasizes that the customer list developed under the Franchise Agreement is the exclusive proprietary information of Cool Binz International, LLC. Franchisees have no ownership rights to this list, except as Cool Binz franchisees. Upon termination or expiration of the franchise agreement, franchisees cannot retain copies of the customer list and are prohibited from marketing to or servicing customers on the list for 18 months.
Furthermore, before commencing operations, franchisees must ensure that at least one employee has completed the initial training. Throughout the term of the Franchise Agreement, this requirement must be maintained. The document also specifies that owners who have executed the Franchise Agreement must control 67% of the franchisee entity, with remaining owners signing a confidentiality and non-compete agreement. These measures ensure the protection of Cool Binz's interests and the standardization of business operations under the franchise system.