Where was the guarantee executed for Cool Binz, and on what date?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
IN WITNESS WHEREOF, the parties have caused this Release to be executed as of the day and year written below.
COOL BINZ INTERNATIONAL, LLC [FRANCHISEE ENTITY/NAME] Title: FRANCHISE OWNER(S) [Name of Owner], Individually [Name of Owner], Individually [Name of Owner], Individually
GENERAL RELEASE – REQUIRED UPON ASSIGNMENT
THIS SETTLEMENT AND RELEASE is being made by and between Cool Binz International, LLC ("FRANCHISOR") and [Franchise Owner Name(s)] (together referred to as the "FRANCHISE OWNER(S)"), resident(s) of [State], and [Company] ("Franchisee") and shall be effective as of the date of the last signature below.
W I T N E S S E T H:
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
Based on the 2025 Cool Binz Franchise Disclosure Document, the General Release is executed by the franchisee(s) and is effective as of the date of the last signature. The franchisee(s) must be residents of a specific state, which is to be indicated in the document. The document does not specify where the guarantee is executed, only that the franchisee(s) must be residents of a particular state.
This means that the location of the franchisee(s) is relevant to the agreement, but the document does not explicitly state that the guarantee is executed in that state. It is implied that the franchisee's residency is important for legal and jurisdictional purposes related to the agreement.
Prospective franchisees should confirm with Cool Binz where the agreement is legally executed and if there are any specific requirements or implications related to the franchisee's state of residence. This clarification is essential to fully understand the legal obligations and rights under the franchise agreement.