What is a 'Development Period' in the context of the Cicis development schedule?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
Subject to the terms and limitations contained herein, we grant you the Development Rights. You accept and agree to exercise the Development Rights in strict accordance with the terms and conditions contained in this Agreement. You acknowledge and agree that, as described further in this Agreement:
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- you or your approved Affiliate will develop and open Restaurants, in each case pursuant to the applicable Franchise Agreement but as necessary to satisfy the minimum opening requirements of each of the time periods (each a "Development Period") that comprise the overall development schedule described in Attachment A hereto (the "Development Schedule"); and
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, a 'Development Period' is one of the timeframes that make up the overall development schedule. As part of the Area Development Agreement, the developer must open a certain number of Cicis restaurants within each of these development periods to satisfy the agreement’s requirements. The number of restaurants and the length of each development period are detailed in Attachment A, the Development Schedule.
Prospective Cicis franchisees should carefully review the Development Schedule to understand the required pace of restaurant openings. Failing to meet the minimum opening requirements within each Development Period could result in a breach of the Area Development Agreement. This could lead to termination of the agreement and loss of development rights for the area.
Cicis relies on the developer's knowledge of the development area and their representation that they have conducted their own independent investigation to determine that they can satisfy the Development Schedule. This places the onus on the franchisee to accurately assess the market and their ability to meet the development obligations. The Development Schedule is not a guarantee from Cicis that the Development Area can support the number of restaurants specified.