What is the deadline for Cicis to receive a fully executed copy of the lease, including all exhibits, that Cicis has approved?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
* To satisfy this requirement, we must have received, by the end of the Development Period, a fully executed (by all parties) copy of the lease (together with all exhibits) that we have approved in accordance with the applicable Franchise Agreement.
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, to meet the requirements of the Development Period, Cicis must receive a fully executed copy of the lease, including all exhibits, that Cicis has approved by the end of the Development Period.
For a prospective Cicis franchisee, this means that securing and submitting an approved lease within the Development Period is crucial. The Development Period is the time frame within which the franchisee is expected to find a suitable location and finalize the lease agreement. Failure to submit the lease on time could result in a breach of the Development Agreement.
It is important for the franchisee to work closely with Cicis to ensure that the site and lease terms meet their requirements and are approved in a timely manner. The franchisee should also be aware of the length of the Development Period and plan accordingly to avoid any delays in submitting the lease. This requirement ensures that franchisees are proactive in securing locations and moving forward with their restaurant development within a reasonable timeframe.