Can the franchisor unilaterally deem other information as confidential for Cool Binz?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
- h. The Operations Manual and the COOL BINZ owners intranet website and its contents;
- i. sales guidelines and strategies for developing business relationships in the insurance industry;
- j. The Customer Information, as defined in Section 5.B below; and
- k. Any other information we deem confidential.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, Cool Binz retains the right to unilaterally deem information confidential. The franchise agreement specifies several categories of information considered confidential, including the Operations Manual, the COOL BINZ owners intranet website, sales guidelines, and customer information. However, the agreement also states that "any other information we deem confidential" also falls under this umbrella.
This clause grants Cool Binz broad discretion in determining what constitutes confidential information, beyond the categories initially listed. This means that Cool Binz can, at any time during the franchise term, designate new types of information as confidential, and franchisees would be bound to treat it as such. This could include, for example, new marketing strategies, supplier lists, or software updates.
For a prospective Cool Binz franchisee, this has several implications. It is important to understand that the scope of confidential information is not fixed and can change over time. Franchisees must stay informed of any new designations of confidential information made by Cool Binz. Furthermore, franchisees must ensure that their employees also adhere to these confidentiality obligations, as breaches could result in legal action. Franchisees should seek clarification from Cool Binz regarding the types of information that are most likely to be deemed confidential and the procedures for handling such information to avoid inadvertent disclosures.