Within what network is the Cool Binz equipment authorized for use?

According to Cool Binz's 2025 Franchise Disclosure Document, the equipment is proprietary and authorized for use only within the Cool Binz franchise network. This means franchisees are restricted to using the equipment specifically for conducting their Cool Binz business as outlined in the Franchise Agreement.

This restriction ensures that the equipment is not used in any competing business or manner that could harm the Cool Binz brand or system. It also protects the proprietary nature of the equipment, preventing unauthorized use or replication. Any usage contrary to this provision is considered a breach of the Franchise Agreement.

Furthermore, franchisees are limited in their ability to transfer ownership of the equipment. They can only sell the equipment to another Cool Binz franchisee in good standing, with Cool Binz having the first right of refusal and the right to approve the transaction. Alternatively, if a franchisee is terminating or not renewing their agreement but owns another Cool Binz franchise, the equipment can be transferred to that franchise upon written request. These conditions ensure that the equipment remains within the Cool Binz system and is used in accordance with the franchise agreement.