What must a Cool Binz franchisee do with the Confidential Information upon termination of the Franchise Agreement?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
You promise that, upon termination or expiration of this Agreement, you must immediately cease to use any of our Confidential Information (including any computer software that we have provided or made available to you) in any business or otherwise, return to us all copies of the Operations Manual and other confidential materials that we have loaned to you, and you shall not maintain any copies of any such materials, in whole or part.
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- You acknowledge and agree that you do not acquire any interest in Confidential Information, other than the right to utilize that which is disclosed to you in operating the COOL BINZ Business during the term of this Agreement, and that the use or duplication of any Confidential Information in any other business would constitute an unfair method of competition. You also acknowledge and agree that the Confidential Information is proprietary, includes our trade secrets, and is disclosed to you only on the condition that you must, during and at all times after the term of this Agreement:
- a. not use Confidential Information in any other business or capacity;
- b. maintain the absolute confidentiality of Confidential Information;
- c. not make unauthorized copies of any portion of Confidential Information disclosed via electronic medium or in written or other tangible form;
- d. adopt and implement all reasonable procedures that we prescribe from time to time to prevent unauthorized use or disclosure of Confidential Information, including, without limitation, restrictions on disclosure to employees of the COOL BINZ Business and others; and
- e. immediately upon the expiration of termination of this Agreement, return and cease using in any way all Confidential Information and provide us with immediate access to all computer or other electronic or other storage media, including without limitation, hard drives, memories, CDs, floppy disks, DVDs, zip drives, PDAs, jump drives or other peripheral drives and memory cards, containing any Confidential Information for the purpose of removing such Confidential Information or, if mutually agreed upon, surrender such devices to us.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, upon termination or expiration of the Franchise Agreement, franchisees must immediately stop using any of Cool Binz's Confidential Information in any business. This includes any computer software provided by Cool Binz. Franchisees must return all copies of the Operations Manual and other confidential materials that were loaned to them and must not keep any copies of these materials.
Cool Binz franchisees acknowledge that they do not acquire any interest in the Confidential Information, other than the right to use it while operating the Cool Binz Business during the term of the agreement. The use or duplication of any Confidential Information in any other business would be considered unfair competition. Franchisees must maintain the absolute confidentiality of the Confidential Information and not make unauthorized copies.
Franchisees must implement all reasonable procedures prescribed by Cool Binz to prevent unauthorized use or disclosure of Confidential Information, including restrictions on disclosure to employees. Immediately upon the expiration or termination of the agreement, franchisees must return and cease using all Confidential Information. They must also provide Cool Binz with immediate access to all computer or other electronic storage media containing any Confidential Information for the purpose of removing such information or surrender the devices if mutually agreed upon.