Who are the express third-party beneficiaries of the Cool Binz Franchise Agreement and Personal Guaranty?

According to the 2025 Cool Binz Franchise Disclosure Document, the franchise agreement does not confer any rights or remedies upon any person or legal entity not a party to the agreement. This means that only Cool Binz and the franchisee are direct parties to the agreement, and no other individual or entity is explicitly granted rights or remedies as a third-party beneficiary.

This clause is typical in franchise agreements to limit liability and ensure that only the parties directly involved in the contract can enforce its terms. It prevents third parties from claiming rights or benefits under the agreement, which could complicate legal proceedings or create unintended obligations for Cool Binz.

For a prospective Cool Binz franchisee, this means they should be aware that the franchise agreement primarily governs the relationship between themselves and Cool Binz. If they anticipate needing to involve other parties, such as investors or business partners, in the franchise operation, they should seek legal advice on how to structure those relationships to ensure their interests are protected, as these third parties will not have direct recourse under the franchise agreement.