Does Cool Binz International, LLC require prospective franchisees to review the questions in the Disclosure Acknowledgement Questionnaire carefully?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
As you know, Cool Binz International, LLC and you are preparing to enter into a Franchise Agreement for the operation of a COOL BINZ franchise. Please review each of the following questions carefully and provide honest responses to each question.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, prospective franchisees are required to carefully review the questions in the Disclosure Acknowledgement Questionnaire. Cool Binz includes Exhibit H, the Disclosure Acknowledgement Questionnaire, as part of the Franchise Disclosure Document. The document explicitly instructs prospective franchisees to carefully review each question and provide honest responses, indicating the importance Cool Binz places on the questionnaire's completion.
However, the FDD also states that prospective franchisees who reside in, or who intend to operate the franchised business in the states of California, Maryland, and Washington, should not complete the questionnaire or respond to any of the questions contained within it. This suggests that the questionnaire may not be legally required or applicable in those specific states due to franchise laws or regulations.
For prospective franchisees outside of California, Maryland, and Washington, carefully reviewing and honestly answering the Disclosure Acknowledgement Questionnaire is a required step in the franchise process with Cool Binz. This questionnaire likely covers important aspects of the franchise relationship and helps ensure that franchisees understand their rights and obligations. Franchisees should take this process seriously and seek legal counsel if they have any questions or concerns about the questionnaire or the franchise agreement.