What is the Cool Binz Franchise Management Software System also referred to as?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisor grants to Licensee a renewable License to use the COOL BINZ Franchise Management Software System ("Product" or "COOL BINZ Software"), and all subsequent upgrades, on Licensee's computer. This License does not extend to other parties, even if they use the same computer. Franchisor reserves the right to issue new modules, which may be separately licensed.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the COOL BINZ Franchise Management Software System is also referred to as the "Product" or "COOL BINZ Software". This software is licensed to the franchisee for use on their computer, with the franchisor retaining title to the software.
The license granted to the Cool Binz franchisee is a renewable quarterly license that remains effective throughout the term of the Franchise Agreement. The franchisee is prohibited from copying, reverse-engineering, or making the software available to other parties. The franchisee must take appropriate action to ensure non-disclosure of the software, recognizing it as Cool Binz's copyrighted property, a trade secret, and confidential information.
Cool Binz franchisees are responsible for keeping the software and related materials confidential and using their best efforts to protect the franchisor's proprietary rights. Cool Binz retains the right to seek injunctive relief or legal action in the event of any violation of the confidentiality of its copyrighted materials. The license cannot be assigned or sub-licensed without the franchisor's prior written consent. Cool Binz warrants that the software will be free from material defects and conform to program documentation upon delivery to the franchisee.