In New York, what grounds are available for a Cool Binz franchisee to terminate the agreement?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
- TERMINATION OF AGREEMENT BY FRANCHISEE. Section 12.A. of the Franchise Agreement is amended by adding the following as the last sentence:
Franchisee also may terminate this Agreement on any grounds available by law under the provisions of Article 33 of the General Business Law of the State of New York.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, a Cool Binz franchisee in New York has specific rights regarding the termination of their franchise agreement. The standard franchise agreement is modified by an addendum that applies specifically to franchisees operating in New York.
The addendum states that a Cool Binz franchisee may terminate the agreement on any grounds available by law under the provisions of Article 33 of the General Business Law of the State of New York. This means that New York franchisees have additional protections and rights to terminate the agreement as provided by New York law, which may go beyond the standard termination clauses in the franchise agreement.
This clause ensures that the franchisee retains all rights and causes of action arising from Article 33 of the General Business Law of the State of New York, including the non-waiver provisions of GBL 687 and 687.5. This is particularly important for prospective franchisees in New York as it provides an additional layer of legal protection and termination options beyond what is typically offered in standard franchise agreements.