What happens when a Qualifying Franchise Agreement is executed under the Cicis Veteran's Incentive Program?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
Regarding Veteran Status. You have asked to participate in our Veterans Incentive Program (the "Program") and, in support of your request, have provided us with information, whether as part of the Application Materials or separately (the "Supporting Information"), to confirm your qualifications to participate in the Program. You represent and warrant to us that the Supporting Information is true and correct and that you satisfy all of our requirements for participation in the Program. In reliance on the foregoing, we approve your participation in the Program with respect to Franchise Agreement. You must promptly notify us, in writing, if any of the Supporting Information changes or ceases to be true and correct. We may revoke your participation in the Program if, at any time, we determine that you no longer qualify for participation.
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- Waiver of Initial Franchise Fee. We hereby waive your obligation to pay us an Initial Franchise Fee while you are approved to participate in the Program and remain in good standing.
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, if a franchisee is approved to participate in the Veteran's Incentive Program and remains in good standing, Cicis will waive the Initial Franchise Fee. However, Cicis retains the right to revoke this waiver if the franchisee is no longer approved for the program or ceases to be in good standing. If the waiver is revoked, the franchisee will be required to pay the standard Initial Franchise Fee as outlined in the Franchise Agreement. Good standing is defined as compliance with all material obligations under the Franchise Agreement, as well as compliance by the franchisee and their affiliates with all material obligations under any other agreements with Cicis.
Cicis maintains sole discretion in determining whether particular obligations are considered "material" for the purpose of assessing good standing, and their decision is final. This means that Cicis has significant control over whether a franchisee continues to qualify for the waiver of the Initial Franchise Fee. The franchisee must also promptly notify Cicis in writing if any of the information provided to confirm their qualifications for the Veteran's Incentive Program changes or is no longer accurate.
The Veteran's Incentive Program Addendum forms an integral part of the Franchise Agreement and represents the sole agreement between the parties regarding the matters outlined in the addendum. Except as specifically set forth in the addendum, the Franchise Agreement remains in full force and effect. The addendum can be executed in counterparts, which together constitute a single document, and electronic execution and photocopies of the addendum and signatures have the same force and effect as originals.