How is a 'business day' defined in the Cicis Franchise Agreement?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
Unless otherwise specified, all references to a number of days shall mean calendar days and not business days.
The term "your Restaurant" includes all of the assets of your Restaurant you operate under this Agreement, including its revenue and the Lease.
An "affiliate" of any entity is an entity that controls, is controlled by, or is under common control with such entity. "Including" means "including, without limitation" unless otherwise noted where it appears. "Business day" means any day other than Sunday or any other day which is a national holiday or banking holiday.
Source: Item 22 — CONTRACTS (FDD pages 64–65)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, a 'business day' is defined specifically within the context of the Franchise Agreement. It means any day other than Sunday or any other day which is a national holiday or banking holiday. This definition is important because various obligations and deadlines within the agreement may be tied to 'business days,' affecting the franchisee's responsibilities and timelines.
For a prospective Cicis franchisee, understanding this definition is crucial for managing their business operations and meeting contractual obligations. For example, if a franchisee has a deadline that falls on a Sunday or a national holiday, the deadline would be extended to the next business day. This could impact various aspects of the business, such as submitting reports, making payments, or completing required training programs.
It is also important to note that the agreement specifies that unless otherwise stated, all references to a number of days shall mean calendar days and not business days. This distinction clarifies that most deadlines are based on calendar days, providing certainty unless explicitly stated otherwise. Franchisees should carefully review the Franchise Agreement to identify which obligations are subject to the business day definition to avoid any misunderstandings or potential breaches of contract.