What documents should a prospective Cicis franchisee review before signing the Representations and Acknowledgment Statement?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
I received a copy of the FDD, including the Franchise Agreement and Area Development Agreement, at least 14 calendar days before I executed the Franchise Agreement and/or the Area Development Agreement, as applicable. I understand that all of my rights and responsibilities and those of Franchisor in connection with the franchise are set forth in these documents and only in these documents. I acknowledge that I have had the opportunity to personally and carefully review these documents and have, in fact, done so. I have been advised to have professionals (such as lawyers and accountants) review the documents for me and to have them help me understand these documents. I have also been advised to consult with other franchisees regarding the risks associated with the purchase of the franchise.
Source: Item 22 — CONTRACTS (FDD pages 64–65)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, a prospective franchisee should carefully review the FDD, including the Franchise Agreement and Area Development Agreement, before signing the Representations and Acknowledgment Statement. Cicis requires that a copy of these documents be received at least 14 calendar days before executing the Franchise Agreement and/or the Area Development Agreement. This 14-day period allows the prospective franchisee adequate time to review the documents.
The statement emphasizes that all rights and responsibilities of both the franchisee and Cicis are detailed exclusively within these documents. It serves as an acknowledgment that the franchisee has had the opportunity to thoroughly review these documents.
Cicis strongly advises consulting with professionals such as lawyers and accountants to aid in understanding the documents and to seek advice from other franchisees regarding the risks associated with purchasing the franchise. This proactive approach ensures that the franchisee is fully informed and aware of the commitments and potential risks involved before entering into the franchise agreement.