If Cicis assumes the lease, what agreement is required between the landlord and franchisor?

According to Cicis's 2025 Franchise Disclosure Document, if Cicis chooses to assume a lease, the landlord and Cicis will enter into a "commercially reasonable agreement" to document the lease assumption. This agreement would cover the remainder of the current lease term and any applicable renewal options.

This clause is triggered if Cicis elects to cure a franchisee's default or if the Franchise Agreement is terminated. In such cases, Cicis has the option to remove the franchisee from the premises, perform the lease terms on behalf of the franchisee for up to six months without assuming the lease, or assume the lease entirely.

For a prospective Cicis franchisee, this means that Cicis has the power to step in and take over the lease under certain circumstances. This provides some security to the landlord, knowing that Cicis may ensure the lease obligations are met. However, it also means that a franchisee could lose their location if Cicis decides to assume the lease. It is important to note that Cicis is not obligated to assume the lease and will only do so at its sole election.