According to the receipt, what is the issuance date of the Cicis disclosure document?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
Issuance Date: April 25, 2025
Source: Item 22 — CONTRACTS (FDD pages 64–65)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the issuance date of the disclosure document is April 25, 2025. This date is important because it signifies when Cicis officially prepared the document for distribution to potential franchisees.
The FDD includes a receipt that acknowledges the franchisee received a disclosure document with this date. Both the franchisor and franchisee retain a copy of this receipt. The receipt serves as proof that Cicis provided the required disclosure to the prospective franchisee within the legally mandated timeframe.
It is important to note that the issuance date is not necessarily the date the franchisee actually receives the document. Franchise laws typically require a 14-day review period between the receipt of the FDD and the signing of any binding agreements or payment of fees. Therefore, a franchisee should carefully document when they receive the FDD to ensure they have adequate time to review it.