What happens if a Cool Binz franchisee received representations not contained in the agreement or FDD?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
You acknowledge that you have not received any express or implied representations or warranties regarding the sales, earnings, income, profits, gross revenues, business or financial success, value of the franchise, provided by us or our representatives or any other matters pertaining to the franchise from us or any of our officers, employees or agents that were not contained in this Agreement or the Franchise Disclosure Document received by you (hereinafter "Representations"). You further acknowledge that if you had received any such Representations, you would not have executed this Agreement, and you would have: (a) promptly notified us in writing of the person or persons making such Representations; and (b) provided to us a specific written statement detailing the Representations made.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, a franchisee acknowledges that they have not received any representations or warranties regarding sales, earnings, income, profits, gross revenues, business or financial success, or the value of the franchise from Cool Binz or its representatives that were not included in the Franchise Agreement or the Franchise Disclosure Document.
If a franchisee did receive such representations, they acknowledge that they would not have executed the agreement. Furthermore, the franchisee would be obligated to promptly notify Cool Binz in writing about the person or persons who made the representations and provide a specific written statement detailing the representations that were made.
This acknowledgement is designed to protect Cool Binz from claims based on verbal promises or representations made outside of the official documents. It places the responsibility on the franchisee to report any such representations immediately, reinforcing the importance of relying solely on the information provided in the Franchise Agreement and FDD when making their investment decision.