Under what conditions can Cool Binz delegate its obligations and duties under the Franchise Agreement?

According to Cool Binz's 2025 Franchise Disclosure Document, Cool Binz can assign its obligations under the Franchise Agreement to another party if required by applicable law. However, such assignment is contingent on Cool Binz's good faith judgment that the assignee is both willing and able to assume Cool Binz's obligations under the agreement.

This means that Cool Binz retains some discretion over who they can transfer their responsibilities to. They must assess the potential assignee's willingness and capability to fulfill the obligations outlined in the Franchise Agreement. This provides a degree of protection for the franchisee, as Cool Binz cannot simply assign their duties to an unqualified or unwilling party.

It is important for a prospective Cool Binz franchisee to understand these conditions, as a change in franchisor could potentially impact the support, resources, and overall relationship they have with the franchise system. While the FDD specifies that the assignee must be willing and able, franchisees may want to further investigate what criteria Cool Binz uses to assess these qualities in a potential assignee. Understanding these criteria can provide insight into the standards Cool Binz upholds when considering a transfer of their obligations.