If the franchisee for a Cicis franchise is not a natural person, what information about the entity is required?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
If you are not a natural person:
(1) you are duly organized and validly existing under the Laws of the state of your formation and are duly qualified and authorized to do business in each jurisdiction in which your business activities or the nature of the properties owned by you require such qualification;
(2) your governing documents will at all times provide that your activities are confined exclusively to operating your Restaurant, unless otherwise consented to by us in writing;
(3) the execution and performance of this Agreement are within your power as provided for in your governing documents and have been duly authorized;
(4) you have provided us with copies of your formation and governing documents and any other documents we reasonably request and will provide us with copies of any modifications thereto;
(5) the ownership interests in you are accurately and completely described in Attachment A, and you will maintain at all times a current list of all Owners of record and all beneficial Owners of any class of voting securities or ownership in you, which you will make available to us upon request;
Source: Item 22 — CONTRACTS (FDD pages 64–65)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, if the franchisee is not a natural person, Cicis requires specific details about the entity. This includes the type of entity and the state where it was formed. Additionally, Cicis requires copies of the entity's formation and governing documents, along with any modifications made to these documents.
Furthermore, Cicis needs to know that the entity is properly organized, validly existing under the laws of its state of formation, and duly qualified and authorized to conduct business in any jurisdiction where its activities or properties necessitate such qualification. The governing documents must ensure that the entity's activities are primarily focused on operating the Cicis Restaurant, unless Cicis provides written consent otherwise. The execution and performance of the Franchise Agreement must be within the entity's power as defined in its governing documents and must be properly authorized.
Finally, Cicis requires an accurate and complete description of the ownership interests in the entity, as detailed in Attachment A of the Franchise Agreement. The franchisee must maintain a current list of all owners of record and all beneficial owners of any class of voting securities or ownership, making this list available to Cicis upon request. This comprehensive disclosure ensures that Cicis understands the structure and control of its franchisees, which is a common practice in franchising to maintain brand consistency and manage risk.