Who is included in the 'you' referenced in the Cicis Underperforming Incentive Program Addendum?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
On Smile LLC ("we") and the "Franchisee" identified below ("you" and, together with us, the "Parties") execute this Underperforming Incentive Program Addendum (the "Addendum") to supplement and amend that certain Franchise Agreement the Parties have executed immediately prior to the execution of this Addendum (as it might have otherwise been amended, the "Franchise Agreement"). The "Effective Date" of this Addendum is the same as the Effective Date of the Franchise Agreement. Terms used but not defined in this Addendum have the meanings given them in the Franchise Agreement. For valuable consideration, receipt and sufficiency of which are acknowledged, the Parties agree as follows:
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the term "you" in the Underperforming Incentive Program Addendum refers to the "Franchisee". This is clarified within the context of the agreement, where Smile LLC is referred to as "we", and the franchisee is referred to as "you". Together, Smile LLC and the franchisee are known as the "Parties" in the addendum.
This definition is important for understanding the rights and obligations outlined in the Underperforming Incentive Program Addendum. The addendum supplements and amends the existing Franchise Agreement between Cicis and the franchisee. Therefore, any references to "you" within the addendum directly pertain to the franchisee and their responsibilities or benefits under the program.
For a prospective Cicis franchisee, understanding this definition is crucial for interpreting the terms of the Underperforming Incentive Program. It ensures clarity regarding who is subject to the conditions, requirements, and incentives outlined in the addendum. Franchisees should carefully review the entire addendum and the Franchise Agreement to fully understand their rights and obligations.