What is the minimum franchise law experience required for the arbitrator in a Cool Binz dispute?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
At our option, all claims or disputes between us, our shareholders, officers, directors, agents and employees and you, arising out of, or in any way relating to, this Agreement or any other agreement by and between you and us or our affiliates, or any of the parties' respective rights and obligations arising from such agreement, or the operation of the COOL BINZ Business which are not first resolved through the internal dispute resolution procedure set forth in Section 15.F.1 above, must be submitted to binding arbitration in Ann Arbor, Michigan under the auspices of the American Arbitration Association ("AAA"), in accordance with AAA's Commercial Arbitration Rules then in effect, with an arbitrator with at least five (5) years of franchise law experience.
We may specifically enforce our rights to arbitration.
Each party shall bear its own cost of arbitration and you and we shall share costs of the arbitrator equally.
This agreement to arbitrate shall survive any termination or expiration of this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, any claims or disputes between Cool Binz and a franchisee that are not resolved through internal procedures must be submitted to binding arbitration. This arbitration will take place in Ann Arbor, Michigan, under the rules of the American Arbitration Association (AAA).
The arbitrator selected for these disputes must have a minimum of five years of experience specifically in franchise law. This requirement ensures that the arbitrator has sufficient expertise in the unique legal aspects of franchising to fairly resolve any conflicts.
Both Cool Binz and the franchisee will bear their own arbitration costs, but they will share the costs of the arbitrator equally. This agreement to arbitrate survives any termination or expiration of the Franchise Agreement, meaning that even after the franchise relationship ends, this arbitration clause remains in effect for disputes arising from the agreement.