How must modifications to the Cool Binz Franchise Agreement be documented?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provisions | Section in Franchise Agreement | Summary | |
|---|---|---|---|
| with any of your customers or former customers, within: (i) the Territory; (ii) the Territories of any COOL BINZ franchisees, COOL BINZ Company Store, or any other COOL BINZ business operator; or (iii) a radius of 50 miles from the Territory. This provision is subject to state law. | |||
| s. | Modification of Agreement | Section 15.J | Modification of the Franchise Agreement must be in writing and agreed upon by both parties. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 53–58)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, any modifications to the Franchise Agreement must be documented in writing and agreed upon by both Cool Binz and the franchisee. This requirement ensures that all changes to the original agreement are clear, unambiguous, and legally binding on both parties.
This provision is typical in franchise agreements, as it protects both the franchisor and franchisee by preventing disputes over alleged verbal agreements or understandings. By requiring written documentation, Cool Binz ensures that there is a clear record of any changes made to the original terms and conditions.
For a prospective Cool Binz franchisee, this means that any desired changes to the Franchise Agreement must be formally proposed and documented in writing. Both the franchisee and Cool Binz must then agree to these changes in writing. Franchisees should be aware of this requirement and ensure that any modifications they negotiate are properly documented to avoid potential future disputes.