What happens if a Cicis franchisee's application information for the Underperforming Incentive Program is found to be untrue after signing the Addendum?

According to the 2025 Cicis Franchise Disclosure Document, as part of the Underperforming Incentive Program Addendum, the franchisee represents that the information provided in their application for the program was true and correct when provided and remains true and correct as of the date they sign the addendum. They also acknowledge that based on this information, Cicis has approved their participation in the program, and that they are in good standing.

If the franchisee's representations are found to be untrue after signing the addendum, it would constitute a breach of the agreement. The specific consequences of providing untrue information are not detailed in the provided excerpts. However, it is implied that Cicis could revoke the franchisee's participation in the Underperforming Incentive Program.

It is important for prospective Cicis franchisees to ensure that all information provided in their application for the Underperforming Incentive Program is accurate and truthful. Franchisees should also maintain good standing with Cicis by complying with all material obligations under the Franchise Agreement, Development Agreement, and any other agreements with Cicis.

To fully understand the ramifications of providing false information, a prospective franchisee should ask Cicis for clarification on the specific penalties or actions that Cicis may take if the franchisee's representations in the Underperforming Incentive Program application are found to be untrue after the addendum has been signed.