Must a Cool Binz franchisee provide copies of nondisclosure and noncompetition agreements to the franchisor?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
At the start of their employment, you must require, as consideration for employment, each of your Managing Owner, Designated Managers, sales and/or account management employees to sign non-disclosure and confidentiality agreements that we have specified or approved. Such agreements will prohibit disclosure, by the employee to any other person or legal entity, of any trade secrets, customer lists, or other information, knowledge, or know-how regarding the System or the operation of the COOL BINZ Business, which is deemed confidential and/or proprietary by us. Such employee non-disclosure and confidentiality agreements will, to the fullest extent permitted by applicable law, prevent employees from servicing or soliciting any of the customers of your Business, except in their capacities as employees of the COOL BINZ Business. We may require you to send us a copy of such agreements once fully signed.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to the 2025 Cool Binz Franchise Disclosure Document, a franchisee is required to have certain employees sign non-disclosure and confidentiality agreements. Specifically, the franchisee must require their Managing Owner, Designated Managers, and sales/account management employees to sign these agreements at the start of their employment as consideration for employment. These agreements must be either specified or approved by Cool Binz.
The purpose of these agreements is to protect Cool Binz's confidential information, trade secrets, customer lists, and know-how related to the Cool Binz system and business operations. The agreements also aim to prevent employees from servicing or soliciting the franchisee's customers, except in their capacity as Cool Binz employees.
Importantly, Cool Binz retains the right to request copies of these signed agreements from the franchisee. This allows Cool Binz to ensure compliance with its confidentiality and non-competition standards across all franchise locations. Therefore, a Cool Binz franchisee should be prepared to provide these documents to the franchisor upon request.