Under what exhibit letter can I find the State-Specific Addenda for Cool Binz?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
Exhibits:
- Exhibit A Designated Personnel
- Exhibit B Franchise Management Software License Agreement
- Exhibit C Telephone and Other Listing Agreement
- Exhibit D Guaranty and Assumption of Franchisee's Obligations
- Exhibit E Electronic Funds (EFT) Authorization
- Exhibit F State Addenda to the Franchise Agreement
Source: Item 22 — CONTRACTS (FDD pages 62–63)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, state-specific addenda to the franchise agreement can be found under Exhibit F. These addenda are designed to address specific legal requirements or variations in state franchise laws that may impact the franchise agreement.
For prospective Cool Binz franchisees, it is crucial to carefully review Exhibit F to understand any state-specific modifications to the standard franchise agreement. These addenda can cover a range of topics, including franchise termination rights, renewal conditions, non-compete clauses, and dispute resolution processes. Understanding these state-specific provisions is essential for ensuring compliance with local laws and protecting the franchisee's interests.
For example, the FDD includes an addendum to the franchise agreement for use in California. It states that if there is a conflict between the terms of the addendum and the terms of the Franchise Agreement, the terms of the addendum shall control and supersede the Franchise Agreement. The addendum also states that the franchisee acknowledges that the Cool Binz customer list is the sole and exclusive proprietary information of Cool Binz International, LLC, and in the event of termination or expiration of the franchise agreement, the franchisee will not retain a copy of the customer list and will not market to, service, or otherwise deal with any customers on the list for 18 months after the termination or expiration of the Franchise Agreement.
Similarly, the FDD includes addenda for Virginia and Washington. In Virginia, under Section 13.1-564 of the Virginia Retail Franchising Act, it is unlawful for a franchisor to cancel a franchise without reasonable cause. In Washington, in the event of a conflict of laws, the provisions of the Washington Franchise Investment Protection Act, Chapter 19.100 RCW will prevail.