Is the Cool Binz Franchise Agreement included as an exhibit in the Disclosure Document?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
Issuance Date: March 28, 2025
Franchisor authorizes the respective state agencies identified on Exhibit A to receive service of process for it in the particular state.
I have received a Franchise Disclosure Document dated March 28, 2025that included the following Exhibits: A – Form of Agreements A-1 - Franchise Agreement and Addenda A-2 - Confidentiality / Non-Disclosure Agreement A-3 - General Release(s) – Upon Renewal or Assignment B – Financial Statements C – State Administrators/ Agents for Service of Process D – State Addenda to the Disclosure Document E – List of Franchisees F – List of Former Franchisees G – 1 – Franchise Organizations G – 2 – Independent Franchisee Associations H – Disclosure Acknowledgement Questionnaire I – Operations Manual Table of Contents J - State Effective Dates Page K - Receipts The franchise seller is Cool Binz International, LLC, 5405 Data Court, Ann Arbor, MI 48108, (734) 864- 9799.
Source: Item 22 — CONTRACTS (FDD pages 62–63)
What This Means (2025 FDD)
Yes, according to Cool Binz's 2025 Franchise Disclosure Document, the Franchise Agreement is included as an exhibit. Specifically, Exhibit A-1 is the Franchise Agreement and Addenda. This is important for prospective franchisees because it means they will have access to the full legal agreement outlining the terms and conditions of the franchise, allowing them to review it carefully before making a commitment.
Having the Franchise Agreement as part of the FDD allows potential franchisees to understand their rights, obligations, and the franchisor's expectations. It covers key aspects such as the term of the agreement, fees, territory rights, and termination conditions. Reviewing this document with an attorney is a standard practice in franchising to ensure the franchisee fully understands the legal implications.
In addition to the Franchise Agreement, the FDD includes other important exhibits such as the Confidentiality/Non-Disclosure Agreement (Exhibit A-2), Financial Statements (Exhibit B), and a list of current and former franchisees (Exhibits E and F). These exhibits collectively provide a comprehensive overview of the Cool Binz franchise system, enabling prospective franchisees to make an informed decision.