Under what condition can a Cool Binz licensee assign or sub-license the Cool Binz software license?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Assignment and Sub-Licensing: This License shall not be assigned or sub-licensed by Licensee, except with the prior, specific written consent of Franchisor.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, a licensee is generally prohibited from assigning or sub-licensing the COOL BINZ Franchise Management Software System license. However, there is an exception. The licensee may assign or sub-license the COOL BINZ software license if they obtain prior, specific written consent from Cool Binz.
This condition means that franchisees cannot independently transfer their rights to use the software to another party. This restriction ensures Cool Binz maintains control over who utilizes their proprietary software and can enforce compliance with the license terms.
For a prospective Cool Binz franchisee, this implies that if they wish to transfer their franchise, the new owner will need to apply for a new software license or seek Cool Binz's explicit approval for a sub-license. This requirement protects Cool Binz's intellectual property and ensures consistent quality and standards across all franchise locations.