If I had received any representations not contained in the Cool Binz agreement or Franchise Disclosure Document, what actions would I be required to take?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
cument required or permitted to be given to you pursuant to applicable law.
You agree that no modifications of this Agreement (except those specifically authorized herein) shall be effective except those in writing and signed by both parties. 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").
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, if a prospective franchisee receives any representations or warranties about the franchise's sales, earnings, income, profits, gross revenues, business or financial success, or value that are not included in the Franchise Agreement or the Franchise Disclosure Document, the franchisee must take specific actions.
The franchisee must promptly notify Cool Binz in writing about the person or persons who made these representations. Additionally, the franchisee must provide Cool Binz with a detailed written statement that specifies exactly what representations were made.
This requirement ensures that Cool Binz is aware of any unauthorized representations made by its representatives and allows them to address any potential miscommunications or misleading information. It also protects Cool Binz from liability based on representations not officially sanctioned by the company. Franchisees should be diligent in documenting any claims or promises made during the sales process and comparing them to the information provided in the Franchise Agreement and FDD. If discrepancies arise, franchisees should follow the notification procedure outlined in the FDD to protect their rights and ensure transparency.