What is the timeframe Cool Binz franchisees have to comply with laws or regulations after notification of non-compliance by government authorities?

According to Cool Binz's 2025 Franchise Disclosure Document, a franchisee has 15 days to comply with any law or regulation applicable to their Cool Binz business after receiving notification of non-compliance from federal, state, or local government authorities.

This requirement is part of the broader agreement that a failure to cure certain defaults can lead to the termination of the franchise agreement. The franchisee receives a default notice from Cool Binz, and the cure period is generally 30 days unless otherwise specified. The 15-day period for legal and regulatory compliance is a specific exception to this general rule.

It is important for prospective Cool Binz franchisees to understand this relatively short timeframe for compliance, as failing to meet it could have serious consequences, including termination of the franchise agreement. Franchisees should ensure they have systems in place to promptly address any compliance issues identified by government authorities.