Which state's laws govern the validity, construction, interpretation, and enforceability of the Cool Binz Promissory Note?

The 2025 Cool Binz Franchise Disclosure Document includes specific state law provisions that may impact franchise agreements and related documents like promissory notes, but it does not explicitly state which state's laws govern the validity, construction, interpretation, and enforceability of the Cool Binz Promissory Note.

However, the document does mention that Illinois law governs the agreements between the parties to the franchise. Additionally, for franchisees in Hawaii, Virginia, and Washington, the FDD states that certain provisions of those states' franchise laws may supersede the franchise agreement in areas such as termination, renewal, and franchisee rights. These stipulations suggest that Cool Binz franchise agreements are subject to specific state laws depending on where the franchisee is located.

Prospective Cool Binz franchisees should carefully review the franchise agreement and any related documents, such as the Promissory Note, with legal counsel to understand which state's laws apply and how those laws may affect their rights and obligations. It is essential to clarify this point with Cool Binz during the due diligence process to avoid potential legal disputes in the future.

Given the lack of a definitive statement in the provided excerpts, it is crucial for potential franchisees to seek explicit clarification from Cool Binz regarding the governing law of the Promissory Note. Understanding this aspect is vital for assessing the legal implications and enforceability of the agreement.