How much prior written notice is required from Cicis to revoke a waiver?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
We and you may by written instrument unilaterally waive or reduce any obligation of or restriction upon the other under this Agreement, effective upon delivery of written notice to the other or another effective date stated in the notice of waiver. Any waiver granted will be without prejudice to any other rights we or you have, will be subject to continuing review, and may be revoked at any time and for any reason effective upon delivery of 10 days' prior written notice.
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, Cicis can revoke a waiver at any time and for any reason. To do so, Cicis must provide the franchisee with 10 days' prior written notice. This applies to waivers or reductions of obligations or restrictions that Cicis might grant to the franchisee under the Franchise Agreement.
This means that even if Cicis has previously waived a certain requirement or obligation for a franchisee, they retain the right to reinstate that requirement with only 10 days' notice. This could impact a franchisee's operations or financial planning, as they would need to be prepared to comply with the previously waived obligation on short notice.
This clause provides Cicis with significant flexibility in managing the franchise relationship and ensuring compliance with the terms of the agreement. Prospective franchisees should carefully consider this provision and its potential implications for their business before investing in a Cicis franchise.