What is the 'Development Schedule' for Cicis, as referenced in the Development Rights agreement?
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
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- the Development Rights may be exercised from the Effective Date and, unless this Agreement is sooner terminated as provided herein, continuing through the earlier of (1) the date on which the last Restaurant which is required to be opened in order to satisfy the Development Schedule opens for regular business or (2) the last day of the last Development Period of the Development Schedule (the "Term")
are relying on your knowledge of the Development Area and your representation that you have conducted your own independent investigation and have determined that you can satisfy the Development Schedule.
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the Development Rights agreement includes a 'Development Schedule,' which is described in Attachment A. This schedule outlines the minimum opening requirements for Cicis restaurants within specific time periods, referred to as 'Development Periods.'
The document emphasizes that Cicis is not representing that the Development Area can support the number of restaurants specified in the Development Schedule, or that there will be sufficient sites available. Cicis is relying on the franchisee's knowledge of the Development Area and their independent investigation to determine if they can meet the Development Schedule.
The Development Rights can be exercised from the Effective Date of the agreement until either the date the last required restaurant opens or the last day of the final Development Period, whichever comes first. The franchisee is expected to diligently fulfill their obligations and fully utilize the Development Rights throughout the entire Development Area during the Term of the agreement.
Prospective franchisees should carefully review Attachment A of the Development Rights agreement to understand the specific opening requirements and timelines for their Development Area. They should also conduct thorough due diligence to ensure they can meet the Development Schedule, as Cicis is not responsible if the area cannot support the planned number of restaurants.