What parties are involved in the Cicis Reopen Incentive Program Addendum?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
On Smile LLC ("we"), the "Franchisee" identified below ("you"), and your owners who have guaranteed your performance under the Franchise Agreement (collectively, the "Guarantors" and, together with us and you, the "Parties") execute this Reopen Incentive Program Addendum (the "Addendum") to supplement and amend that certain Franchise Agreement identified on Attachment A hereto (as it might have previously been amended, the "Franchise Agreement"). The Effective Date of this Addendum is the date on which we sign below. Capitalized 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 Reopen Incentive Program Addendum to the Franchise Agreement involves three parties. These parties include On Smile LLC, identified as "we" in the agreement, the Franchisee, referred to as "you", and the franchisee's owners, who have guaranteed the franchisee's performance under the Franchise Agreement. These owners are collectively known as the "Guarantors".
All three parties, On Smile LLC, the Franchisee, and the Guarantors, are collectively referred to as the "Parties" within the Reopen Incentive Program Addendum. This addendum serves to supplement and amend the existing Franchise Agreement. The agreement specifies that capitalized terms not explicitly defined within the addendum will carry the same meanings as defined in the original Franchise Agreement.
This structure ensures that all involved parties are bound by the terms of the addendum, with clear roles and responsibilities outlined for each. Prospective franchisees should carefully review the Franchise Agreement and the Reopen Incentive Program Addendum to fully understand their obligations and the franchisor's commitments under this program.