If a Cool Binz franchisee received representations not in the agreement, what must they do?
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 the franchise's sales, earnings, income, profits, gross revenues, business or financial success, or value that were not included in the Franchise Agreement or the Franchise Disclosure Document.
If a Cool Binz franchisee has received representations not contained in the agreement or FDD, the franchisee acknowledges that they would not have executed the agreement, and they must promptly notify Cool Binz in writing of the person or persons making such representations.
Additionally, the franchisee must provide Cool Binz with a specific written statement detailing the representations that were made. This ensures Cool Binz is aware of any unauthorized representations made during the franchise sales process and allows them to address the issue.