Who retains the title to the Cool Binz Franchise Management Software System?

According to Cool Binz's 2025 Franchise Disclosure Document, the franchisor retains the title to the COOL BINZ Franchise Management Software System. While franchisees are granted a license to use the software, this license is renewable and tied to the term of the Franchise Agreement.

This means that franchisees do not own the software they use to manage their Cool Binz business. Instead, they are essentially renting the right to use it. This is a common arrangement in franchising, as it allows the franchisor to maintain control over the technology and ensure consistency across all franchise locations.

Cool Binz franchisees must adhere to the franchisor's standards and specifications for the software and related computer systems. They are also responsible for keeping their systems updated and maintained at their own expense. Upon termination or expiration of the franchise agreement, the franchisee's right to use the software ends, and all client and customer data becomes the property of the franchisor.