What is the purpose of the addendum to the Cool Binz Franchise Agreement for use in Maryland?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
ated and enters into agreements with National Accounts. You may be offered the opportunity to service a National Account. If you decline or are otherwise unable to service the account, the Franchisor, an affiliate, or another franchisee may provide the service with no compensation to you (even if the service is provided within your Territory).
COOL BINZ INTERNATIONAL, LLC
ADDENDUM TO THE FRANCHISE AGREEMENT FOR USE IN MARYLAND
The parties to this Rider are FRANCHISOR and FRANCHISEE. The parties to the attached Franchise Agreement (the "Agreement") agree as follows:
1. Background:
We and you are parties to that certain Agreement that has been executed concurrently with the execution of this Rider. This Rider is annexed to and forms part of the Agreement. This Rider is being executed because (a) the offer or sale of the franchise for the COOL BINZ franchise you will operate under the Agreement was made in the State of Maryland and you will operate the Franchise in the State of Maryland and/or (b) you are a resident of the State of Maryland.
2. Expiration of this Agreement:
Pursuant to COMAR 02.02.08.16L, the following is added at the end of Sections 10.B.8, 11.C., and 12.A. of the Agreement:
The general release required as a condition of renewal, sale, and/or assignment/transfer shall not apply to any liability under the Maryland Franchise Registration and Disclosure Law.
3.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to the 2025 Cool Binz Franchise Disclosure Document, the addendum to the Franchise Agreement for use in Maryland is included when the franchise is offered or sold in the state of Maryland, or if the franchisee is a resident of Maryland. The addendum is a rider to the existing Franchise Agreement and becomes part of that agreement.
The Maryland addendum modifies certain sections of the standard Cool Binz Franchise Agreement to ensure compliance with Maryland franchise law. Specifically, it states that the general release required for renewal, sale, or transfer of the franchise does not apply to liabilities under the Maryland Franchise Registration and Disclosure Law. This protects the franchisee's rights under Maryland law, preventing them from waiving claims related to franchise registration and disclosure.
Additionally, the addendum states that the provisions related to dispute resolution and enforcement within the Franchise Agreement are subject to Maryland law. This means that any legal proceedings or interpretations of the agreement must consider the franchisee's rights and protections as provided by Maryland's franchise regulations. This ensures that Maryland franchisees are not subject to terms that might violate state law.