Does the Cool Binz Franchise Agreement allow for modifications?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provisions | Section in Franchise Agreement | Summary | |
|---|---|---|---|
| with any of your customers or former customers, within: (i) the Territory; (ii) the Territories of any COOL BINZ franchisees, COOL BINZ Company Store, or any other COOL BINZ business operator; or (iii) a radius of 50 miles from the Territory. This provision is subject to state law. | |||
| s. | Modification of Agreement | Section 15.J | Modification of the Franchise Agreement must be in writing and agreed upon by both parties. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 53–58)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the Franchise Agreement can be modified. The FDD states that any modification to the Cool Binz Franchise Agreement must be in writing and agreed upon by both Cool Binz and the franchisee.
This provision is typical in franchise agreements, as it ensures that any changes to the original contract are documented and mutually accepted, preventing future disputes based on verbal agreements or misunderstandings. The requirement for written modifications provides a clear and enforceable record of any agreed-upon changes.
Prospective Cool Binz franchisees should understand that any desired changes to the Franchise Agreement must be formally documented and agreed to by Cool Binz to be valid. This protects both the franchisee and Cool Binz by ensuring clarity and mutual consent regarding any alterations to the original terms.