What fees are waived for Cicis franchisees approved to participate in the Veterans Incentive Program?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
While you are approved to participate in the Program and remain in good standing, we hereby waive your obligation to pay us a Development Fee under the Development Agreement and an Initial Franchise Fee under the Qualifying Franchise Agreements.
We reserve the right to revoke the waivers at any time you are either no longer approved to participate in the Program or cease to be in good standing, in which case, you will pay us the Development Fee and Initial Franchise Fees which, absent the waivers, are required under the Development Agreement and Qualifying Franchise Agreements, as applicable. "Good Standing" means that you and your affiliates, as applicable, are in compliance with all material obligations under the Development Agreement and all Franchise Agreements between us and you or them, whether or not executed pursuant to the Development Agreement.
You agree that we will have sole discretion to determine whether particular obligations are "material" for purposes of determining good standing, and our decision will be final.
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, franchisees approved for the Veterans Incentive Program may receive waivers for certain fees. Specifically, Cicis may waive the Development Fee under the Development Agreement and the Initial Franchise Fee under the Qualifying Franchise Agreements.
However, these waivers are conditional. Cicis reserves the right to revoke these waivers if the franchisee is no longer approved to participate in the program or ceases to be in good standing. Good standing is defined as compliance with all material obligations under the Development Agreement and all Franchise Agreements. Cicis retains sole discretion to determine whether particular obligations are considered "material."
It's important to note that the specific fees waived and the conditions for maintaining the waiver are subject to Cicis's discretion and the terms outlined in the Veterans Incentive Program Addendum. Prospective franchisees should carefully review the addendum and discuss any questions or concerns with Cicis before entering into a franchise agreement.