What action must a prospective Cicis franchisee take upon receiving the Disclosure Document?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
ITEM 23 RECEIPTS
Attached as Exhibit L to this Disclosure Document are 2 Receipts. When you receive this Disclosure Document, you must sign and date (as of the date of your receipt) both Receipts and return 1 to us, retaining the other for your records.
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, upon receiving the Disclosure Document, a prospective franchisee must take specific actions related to the receipts included within. Specifically, the franchisee is required to sign and date both receipts attached as Exhibit L, marking the date of receipt. After signing and dating, the franchisee must return one of the receipts to Cicis, while retaining the other receipt for their own records.
This requirement ensures that Cicis has confirmation that the prospective franchisee has received the Franchise Disclosure Document (FDD). The FDD contains critical information about the franchise system, fees, obligations, and legal considerations. By signing the receipt, the franchisee acknowledges they have received this important document, which is a standard practice in franchising to ensure transparency and compliance with franchise regulations.
It is important for prospective Cicis franchisees to carefully review the entire FDD before signing the receipt. The FDD provides essential details that will help them make an informed decision about investing in a Cicis franchise. Keeping a copy of the signed receipt for their records is also crucial, as it serves as proof of receipt should any questions or disputes arise later in the franchise process.