Who issued the Guaranty of Performance for Cicis?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
For value received, CiCi Services LLC, a Florida limited liability company, with its principal business address at 13355 Noel Road, Suite 1645, Dallas, TX 75240 (the "Guarantor"), absolutely and unconditionally guarantees the performance by On Smile LLC, located at 13355 Noel Road, Suite 1645, Dallas, TX 75240 (the "Franchisor"), of all of the obligations of Franchisor in accordance with the terms and conditions of the franchise registration in each state where the franchise is registered, and under its Franchise Agreement identified in its 2025 Franchise Disclosure Document, as it may be amended, and as that Franchise Agreement may be entered into with franchisees as amended, modified or extended from time to time. This guarantee continues in full force and effect until all obligations of the Franchisor under its franchise registrations and Franchise Agreements are satisfied or until the liability of Franchisor to its franchisees under the Franchise Agreement has been completely discharged, whichever first occurs. The Guarantor is not discharged from liability if a claim by a franchisee against the Franchisor remains outstanding. Notice of acceptance is waived. The Guarantor does not waive notice of Franchisor's default. This guarantee is binding on the Guarantor and its successors and assignees.
The Guarantor signs this guarantee at Dallas, Texas on the 25 day of April 2025
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 64)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the Guarantor of Performance is CiCi Services LLC, a Florida limited liability company with a principal business address at 13355 Noel Road, Suite 1645, Dallas, TX 75240. The guaranty absolutely and unconditionally guarantees the performance by On Smile LLC, the Franchisor, of all obligations in accordance with the terms and conditions of the franchise registration in each state where the franchise is registered, and under its Franchise Agreement identified in its 2025 Franchise Disclosure Document.
This guarantee remains in effect until all obligations of the Franchisor under its franchise registrations and Franchise Agreements are satisfied or until the liability of Franchisor to its franchisees under the Franchise Agreement has been completely discharged, whichever occurs first. The Guarantor is not discharged from liability if a claim by a franchisee against the Franchisor remains outstanding.
The Guarantor does not waive notice of Franchisor's default, and this guarantee is binding on the Guarantor and its successors and assignees. The Guarantor signed this guarantee at Dallas, Texas on April 25, 2025.