What sales guidelines are considered Cool Binz Confidential Information?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
formance of COOL BINZ Businesses other than your own;
- h. The Operations Manual and the COOL BINZ owners intranet website and its contents;
- i. sales guidelines and strategies for developing business relationships in the insurance industry;
- j. The Customer Information, as defined in Section 5.B below; and
- k. Any other information we deem confidential.
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- You acknowledge and agree that you do not acquire any interest in Confidential Information, other than the right to utilize that which is disclosed to you in operating the COOL BINZ Business during the term of this Agreement, and that the use or duplication of any Confidential Information in any other business would constitute an unfair method of competition. You also acknowledge and agree that the Confidential Information is proprietary, includes our trade secrets, and is disclosed to you only on the condition that you must, during and at all times after the term of this Agreement:
- a. not use Confidential Information in any other business or capacity;
- b. maintain the absolute confidentiality of Confidential Information;
- c. not make unauthorized copies of any portion of Confidential Information disclosed via electronic medium or in written or other tangible form;
- d. adopt and implement all reasonable procedures that we prescribe from time to time to prevent unauthorized use or disclosure of Confidential Information, including, without limitation, restrictions on disclosure to employees of the COOL BINZ Business and others; and
- e. immediately upon the expiration of termination of this Agreement, return and cease using in any way all Confidential Information and provide us with immediate access to all computer or other electronic or other storage media, including without limitation, hard drives, memories, CDs, floppy disks, DVDs, zip drives, PDAs, jump drives or other peripheral drives and memory cards, containing any Confidential Information for the purpose of removing such Confidential Information or, if mutually agreed upon, surrender such devices to us.
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- The foregoing restrictions will not apply to the information that:
- a. is now public knowledge or hereafter becomes public knowledge through no fault of yours;
- b. is properly provided to you without restriction by a third party having no such restriction;
- c.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, sales guidelines and strategies for developing business relationships in the insurance industry are considered Confidential Information. This means that Cool Binz franchisees receive specific, protected methods for building their customer base within the insurance sector. Franchisees are obligated to maintain the confidentiality of this information.
As a Cool Binz franchisee, you are granted the right to use this Confidential Information solely for operating your Cool Binz business during the term of the Franchise Agreement. The agreement explicitly states that using or duplicating any Confidential Information in another business would be considered unfair competition. This restriction ensures that franchisees cannot leverage Cool Binz's proprietary knowledge to benefit other ventures, protecting the brand's competitive advantage.
Cool Binz franchisees must agree to several conditions regarding Confidential Information. These include not using the information in any other business, maintaining absolute confidentiality, avoiding unauthorized copies, implementing procedures to prevent unauthorized disclosure (including employee restrictions), and returning all Confidential Information upon termination of the agreement. These measures are designed to safeguard Cool Binz's trade secrets and proprietary business methods.
However, the restrictions on Confidential Information do not apply if the information is already public knowledge, is provided without restriction by a third party, or is required to be disclosed by a court or governmental authority. Even in the case of required disclosure, the franchisee must provide Cool Binz with prompt written notice and only disclose the necessary portion of the information, while also advising the authority of their confidentiality obligations.