Is a Cool Binz franchisee allowed to negotiate directly with other Cool Binz franchisees regarding Co-Venturing without prior written approval from Cool Binz?

According to Cool Binz's 2025 Franchise Disclosure Document, franchisees are restricted from directly negotiating with other franchisees regarding "Co-Venturing" without prior written approval from Cool Binz. Co-Venturing is defined as any project or enterprise undertaken jointly by two or more Cool Binz franchisees.

This restriction means that if a Cool Binz franchisee wants to collaborate with another franchisee on a project, they must manage the process through Cool Binz and obtain written permission before engaging in direct negotiations. This requirement gives Cool Binz control over collaborations between franchisees, potentially ensuring consistency and protecting the brand's interests.

For a prospective franchisee, this implies that they cannot independently form partnerships with other Cool Binz franchisees. They must involve Cool Binz in the planning and approval stages of any joint ventures. This could add a layer of complexity and potentially slow down the process of collaboration, but it also provides a framework for managing these relationships. It is important to note that Cool Binz maintains the right to oversee and approve any such arrangements.