What is the time period covered by the release of claims by the Cool Binz Franchise Owner(s)?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
national, LLC, may pursue all of its rights and remedies after any breach, including specific performance.
Please indicate that you agree to the conditions, as stated above, under which confidential information will be furnished to you by signing a copy of this letter in the space provided below.
| By: | Signature | Date: | |
|---|---|---|---|
EXHIBIT A-3 TO THE FRANCHISE DISCLOSURE DOCUMENT
GENERAL RELEASE(S)
GENERAL RELEASE – REQUIRED UPON RENEWAL
THIS SETTLEMENT AND RELEASE is being made by and between COOL BINZ INTERNATIONAL, LLC ("FRANCHISOR") and [Name] (together referred to as the "FRANCHISE OWNER" and/or "you") resident of [State], and [Corp/LLC,] ("Franchisee") and shall be effective as of the date of the last signature below.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to the 2025 Cool Binz Franchise Disclosure Document, the General Release(s) required upon renewal is effective as of the date of the last signature. The release is made between Cool Binz International, LLC and the Franchise Owner.
Specifically, the document states that when Cool Binz and the franchise owner enter into a franchise agreement for the operation of a Cool Binz business in a defined territory, and that franchise agreement is being renewed, the release becomes effective upon the date of the last signature.
This means that as a Cool Binz franchisee, you will be required to sign a general release upon renewal of your franchise agreement, and this release becomes effective on the date it is fully executed. This release likely covers any claims or disputes arising up to that point, ensuring a clean slate for the renewed term of the franchise agreement.