For a Cicis franchise, what is the 'Effective Date' of the Development Incentive Program Addendum?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
es) is delinquent in payment of any amounts guaranteed hereunder, that no dividends or distributions may be made by such Guarantor (or on such Guarantor's account) to its owners, accountholders or beneficiaries or otherwise, for so long as such delinquency exists, subject to applicable law.
IN WITNESS WHEREOF, each of the undersigned has affixed his or her signature on the same day and year as this Guaranty and Assumption of Obligations was executed.
| GUARANTOR(S) | SPOUSE(S) |
|---|---|
| Name: | Name: |
| Sign: | Sign: |
| Address: | Address: |
| Name: | Name: |
| Sign: | Sign: |
| Address: | Address: |
EXHIBIT D-1 DEVELOPMENT INCENTIVE PROGRAM ADDENDUM
(Area Development Agreement)
DEVELOPMENT INCENTIVE PROGRAM ADDENDUM
(Area Development Agreement)
On Smile LLC ("we") and the "Developer" identified below ("you" and, together with us, the "Parties") execute this Development Incentive Program Addendum (the "Addendum") to supplement and amend that certain Area Development Agreement they have executed immediately prior to the execution of this Addendum (as it might have otherwise been amended, the "Development Agreement"). The "Effective Date" of this Addendum is the Effective Date of the Development Agreement. Capitalized terms used but not defined in this Addendum have the meanings given them in the Development Agreement. For valuable consideration, receipt and sufficiency of which are acknowledged, the Parties agree as follows:
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- Approval to Participate in Development Incentive Program.
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the Development Incentive Program Addendum's effective date depends on whether it supplements an Area Development Agreement or a Franchise Agreement.
For the Area Development Agreement, the "Effective Date" of the Development Incentive Program Addendum is the same as the effective date of the Area Development Agreement itself. This means the addendum becomes active on the same day the Area Development Agreement takes effect.
For the Franchise Agreement, the "Effective Date" of the Development Incentive Program Addendum is the same as the effective date of the Franchise Agreement. Therefore, the addendum goes into effect concurrently with the Franchise Agreement. This ensures that the incentives are aligned with the start of the franchise operation.