What executed documents related to the transfer must be provided to Cicis?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
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- you and the proposed transferee and its owners (if the transferee is a Business Entity) must provide all information and documents we request regarding the Transfer and the proposed transferee and its owners or affiliates;
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- you must provide us with executed versions of any relevant documents to effect the Transfer, and all other information we request about the proposed Transfer;
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- you (and your owner(s)) must sign a general release, in a form satisfactory to us, of any and all claims against us, our Affiliates, and our and their related parties;
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- you (and your transferring owner(s)) (and your or their immediate family members) must sign a non-competition covenant in favor of us, commencing on the effective date of the Transfer and consistent with the post-term non-competition obligations contained in the most recent Franchise Agreement that you or your Affiliates have signed with us;
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- each transferee and all its direct and indirect owners and their respective spouses must execute and deliver to us a copy of our then current form of Guaranty undertaking personally to be bound, jointly and severally, by all provisions of this Agreement or, at our discretion, our then-current form of Area Development Agreement and any other ancillary agreements;
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to the 2025 Cicis Franchise Disclosure Document, if a franchisee wishes to transfer their rights, they must provide Cicis with executed versions of any relevant documents to effect the transfer.
In addition to providing the executed transfer documents, the franchisee and the proposed transferee (and its owners, if the transferee is a business entity) must provide all information and documents Cicis requests regarding the transfer and the proposed transferee and its owners or affiliates. The franchisee (and their owners) must also sign a general release of any and all claims against Cicis, its affiliates, and their related parties, in a form satisfactory to Cicis. Furthermore, the franchisee (and their transferring owners) and their immediate family members must sign a non-competition covenant in favor of Cicis, commencing on the effective date of the transfer, consistent with the post-term non-competition obligations in the most recent Franchise Agreement.
Moreover, each transferee and all its direct and indirect owners and their respective spouses must execute and deliver to Cicis a copy of their then-current form of Guaranty undertaking personally to be bound, jointly and severally, by all provisions of the Agreement or, at Cicis's discretion, their then-current form of Area Development Agreement and any other ancillary agreements. These conditions ensure that Cicis maintains control over who enters their system and that the brand is protected even after a transfer of ownership.