What specific agreement between the Franchisee and COOL BINZ International, LLC does this agreement relate to?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
| This "Agreement" is made and entered into as of, 20 by and between (the |
|---|
| "Franchisee") and COOL BINZ International, LLC, a Michigan limited liability company ("CBI"). |
| This Agreement relates to that certain Franchise Agreement(s) between Franchisee and CBI (the |
| "Franchise Agreement") for Franchisee's operation of a COOL BINZ franchise (the "Business"). |
| In consideration of the mutual promises and agreements set forth below, and for other good and |
| valuable consideration, the receipt and sufficiency of which the parties mutually acknowledge, the |
| parties mutually agree and intend to be legally bound as follows: |
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the agreement in question relates to the Franchise Agreement between the franchisee and COOL BINZ International, LLC (CBI) for the operation of a COOL BINZ franchise. This is explicitly stated to govern the ongoing relationship between the franchisee and Cool Binz.
This agreement outlines the terms and conditions under which the franchisee will operate their COOL BINZ business. It references the franchisee's desire to obtain the right to develop, own, and operate a COOL BINZ Business. The agreement also defines key terms such as 'Affiliate,' 'COOL BINZ Affiliates,' 'COOL BINZ Corporate Territory,' 'Chain Customer,' 'Company Stores,' 'Customer,' 'Portable Equipment,' and 'Territory,' which are essential for understanding the scope and limitations of the franchise.
Prospective franchisees should carefully review the Franchise Agreement, as it dictates the operational framework, territorial rights, and obligations of both parties. Understanding the definitions and how they apply to the franchisee's specific situation is crucial for a successful franchise operation. The agreement also sets the stage for the ongoing relationship between the franchisee and Cool Binz International, LLC.