What is the cure period for failing to comply with any provision of the Cicis Development Agreement?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
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- you (or any of your owners) fail to comply with any other provision of this Agreement and do not correct the failure within 30 days after we deliver written notice of the failure to you;
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to the 2025 Cicis Franchise Disclosure Document, if a developer fails to comply with any provision of the Development Agreement, they have 30 days to correct the failure after receiving written notice from Cicis. If the developer rectifies the failure within this 30-day period, Cicis will not terminate the agreement on those grounds.
This 30-day cure period provides an opportunity for the developer to address and resolve any issues or breaches of the agreement, potentially avoiding termination. However, it is crucial for the developer to take immediate action upon receiving notice from Cicis to ensure compliance within the specified timeframe.
It's important to note that this cure period applies to general failures to comply with the Development Agreement. Other specific failures, as outlined in the FDD, may have different or no cure periods. For instance, failure to comply with transfer requirements or repeated failures within a shorter timeframe may lead to immediate termination without a cure period.