Under what grounds can a Cool Binz franchisee terminate the franchise agreement?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
- TERMINATION OF AGREEMENT BY FRANCHISEE. Section 12.A. of the Franchise Agreement is amended by adding the following as the last sentence:
Franchisee also may terminate this Agreement on any grounds available by law under the provisions of Article 33 of the General Business Law of the State of New York.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to the 2025 Cool Binz Franchise Disclosure Document, a franchisee's right to terminate the agreement is subject to specific conditions and may vary based on the state in which the franchise operates.
For franchisees in New York, the agreement can be terminated on any grounds available by law under the provisions of Article 33 of the General Business Law of the State of New York. This provides Cool Binz franchisees in New York with additional protections and rights to terminate the agreement beyond what is stipulated in the standard franchise agreement.
It's important to note that the specific grounds for termination available to a franchisee can be influenced by state laws, potentially superseding or adding to the conditions outlined in the franchise agreement. Therefore, prospective franchisees should carefully review the addenda specific to their state and consult with legal counsel to fully understand their termination rights.