Under what conditions can Cool Binz franchisees engage in 'Co-Venturing' with other franchisees?

According to Cool Binz's 2025 Franchise Disclosure Document, 'Co-Venturing,' defined as any project or enterprise undertaken jointly by two or more Cool Binz franchisees, is subject to specific conditions. Cool Binz franchisees cannot directly negotiate with each other regarding Co-Venturing opportunities without the franchisor's prior written approval. Furthermore, all Co-Venturing activities must be managed through Cool Binz itself.

This requirement means that franchisees looking to collaborate on a project must involve Cool Binz in the planning and execution. This ensures that the franchisor maintains oversight and control over the brand's operations and standards, even in collaborative efforts between franchisees.

For a prospective franchisee, this implies that while collaboration with other franchisees is possible, it is not a completely independent process. Franchisees must seek approval and work through Cool Binz, which may add a layer of complexity but also ensures that the Co-Venturing activities align with the overall franchise system's goals and standards.