On what page of the Cicis FDD can I find information about transfer conditions?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
C. CONDITIONS FOR APPROVAL OF TRANSFER.
We may consider, and you will provide or assist us in compiling, any information we deem necessary or appropriate in connection with our assessment of a proposed Transfer. If we elect to approve a proposed Transfer, we may, at our discretion, condition our approval in any manner we deem necessary and appropriate to protect the Cicis brand and our interests in the System and this Agreement, including any of the following (each of which you agree is reasonable):
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- you and any person or entity obligated under this Agreement or Guaranty must be in compliance with your or its obligations;
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- you and the proposed transferee and its owners (if the transferee is a Business Entity) must provide all information and documents we request regarding the Transfer and the proposed transferee and its owners or affiliates;
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- you must provide us with executed versions of any relevant documents to effect the Transfer, and all other information we request about the proposed Transfer;
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- you must pay or cause to be paid to us a Transfer fee in the amount of Seven Thousand Five Hundred Dollars ($7,500), plus such amount as is necessary to reimburse us for our reasonable out of pocket costs and expenses associated with the Transfer;
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to the 2025 Cicis Franchise Disclosure Document, Item 23 discusses the conditions for transfer. Specifically, section C outlines the conditions for approval of a transfer.
Cicis may consider any information they deem necessary to assess a proposed transfer. If Cicis elects to approve a proposed transfer, they may condition their approval in any manner they deem necessary to protect the Cicis brand and their interests in the System and the Franchise Agreement.
Some of the conditions include ensuring that the franchisee and any person obligated under the agreement are in compliance with their obligations. Additionally, the franchisee and the proposed transferee must provide all information and documents requested by Cicis regarding the transfer. The franchisee must also provide executed versions of any relevant documents to effect the transfer and all other information requested about the proposed transfer. The transferor and transferee must also meet other conditions, such as signing a general release and a non-competition covenant, and paying all amounts owed to Cicis and a transfer fee of $7,500.