What is the deadline for a Cicis franchisee to sign a Franchise Agreement after receiving an execution copy?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
We will use our reasonable efforts to review and evaluate your proposed Sites within 30 days after we receive all requested information and materials. If we accept a proposed Site, you or your approved Affiliate must sign a separate Franchise Agreement for the Site within 15 days after we provide you with an execution copy of the Franchise Agreement, failing which, we may withdraw our acceptance.
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, a prospective franchisee has 15 days to sign a Franchise Agreement after receiving an execution copy from Cicis. If the franchisee fails to sign the Franchise Agreement within this timeframe, Cicis reserves the right to withdraw its acceptance of the proposed site.
This 15-day deadline is a critical point for franchisees to note. It means that once Cicis provides the Franchise Agreement, the franchisee must act quickly. This timeframe likely exists to ensure that the site procurement process moves forward efficiently and that neither party is held up by undue delays.
It is important for prospective Cicis franchisees to be prepared to review and execute the Franchise Agreement promptly upon receipt. This includes having legal counsel ready to review the document and ensuring that all financing and other arrangements are in place to avoid any delays in meeting the signing deadline. Missing this deadline could result in losing the accepted site, which could significantly impact the franchisee's development schedule and overall investment plans.