Under what conditions can a Cool Binz licensee assign or sub-license the 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 the 2025 Cool Binz Franchise Disclosure Document, a licensee cannot assign or sub-license the COOL BINZ Franchise Management Software System license unless they obtain prior written consent from Cool Binz. This restriction is explicitly stated in the terms and conditions of the Franchise Management Software License Agreement.
This requirement means that a Cool Binz franchisee cannot transfer their rights to use the software to another party without first getting approval from Cool Binz. This provision protects Cool Binz's intellectual property and ensures that the software is only used by authorized franchisees who have agreed to the terms of the franchise agreement. It also allows Cool Binz to maintain control over who is using their software and how it is being used.
For a prospective Cool Binz franchisee, this condition means that if they sell their franchise, they cannot automatically transfer the software license to the new owner. The new owner would need to apply for their own license and be approved by Cool Binz. This is a standard practice in franchising, as franchisors typically want to ensure that anyone using their proprietary software is properly trained and compliant with their system standards.