What information are Cool Binz franchise employees prohibited from disclosing under the required non-disclosure and confidentiality agreements?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
At the start of their employment, you must require, as consideration for employment, each of your Managing Owner, Designated Managers, sales and/or account management employees to sign non-disclosure and confidentiality agreements that we have specified or approved. Such agreements will prohibit disclosure, by the employee to any other person or legal entity, of any trade secrets, customer lists, or other information, knowledge, or know-how regarding the System or the operation of the COOL BINZ Business, which is deemed confidential and/or proprietary by us. Such employee non-disclosure and confidentiality agreements will, to the fullest extent permitted by applicable law, prevent employees from servicing or soliciting any of the customers of your Business, except in their capacities as employees of the COOL BINZ Business. We may require you to send us a copy of such agreements once fully signed.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, as a Cool Binz franchisee, you must ensure that certain employees sign non-disclosure and confidentiality agreements at the start of their employment. This requirement applies specifically to Managing Owners, Designated Managers, and sales and/or account management employees. These agreements are designed to protect Cool Binz's proprietary information and business practices.
The agreements will explicitly prohibit these employees from disclosing to any individual or entity any trade secrets, customer lists, or other information, knowledge, or know-how related to the Cool Binz system or the operation of the Cool Binz business. Cool Binz deems this information confidential and proprietary. The non-disclosure agreements also aim to prevent employees from servicing or soliciting your Cool Binz business's customers, except in their capacity as employees of your Cool Binz franchise.
Cool Binz retains the right to request a copy of these signed agreements from you. This measure ensures that Cool Binz can verify your compliance with their confidentiality requirements and protect their interests in the franchise system. As a franchisee, you must adhere to these requirements to maintain the integrity and confidentiality of the Cool Binz system.