For Cicis, who must execute the copy of the lease submitted by the end of the Development Period?
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 for receipts, a fully executed copy of the lease must be submitted by the end of the Development Period. This lease must be executed by all parties involved.
For a prospective Cicis franchisee, this means that the lease agreement for the restaurant location must be completely signed by all relevant parties, including the franchisee, the landlord, and any other involved entities, before the Development Period concludes. This ensures that Cicis has a legally binding agreement in place for the restaurant's location.
The Development Period is a crucial timeframe for establishing the restaurant, and failing to submit the fully executed lease by the deadline could potentially lead to delays in the opening of the Cicis restaurant or even a breach of the franchise agreement. Therefore, it is essential for franchisees to manage their time effectively and coordinate with all parties to ensure timely execution and submission of the lease agreement.