How are payments to Cicis to be made, unless otherwise notified?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
Unless we notify you otherwise from time to time, all payments due to us under this Agreement will be paid via electronic funds transfer ("EFT").
You agree to sign all documents necessary to permit us to withdraw funds from your designated bank account by EFT in the amounts due under this Agreement from time to time, at the time or times that such amounts become due and payable under the terms of this Agreement.
Source: Item 22 — CONTRACTS (FDD pages 64–65)
What This Means (2025 FDD)
According to Cicis' 2025 Franchise Disclosure Document, payments due to Cicis under the Franchise Agreement will be made via electronic funds transfer (EFT), unless Cicis notifies the franchisee otherwise. This means Cicis will automatically withdraw funds from the franchisee's designated bank account for amounts due.
To facilitate this process, the franchisee must sign all necessary documents to authorize Cicis to withdraw these funds via EFT. The withdrawals will occur in the amounts due and at the times specified in the Franchise Agreement.
This arrangement ensures that Cicis receives timely payments and reduces the administrative burden on both the franchisor and franchisee. Franchisees should ensure they understand the payment schedule and have sufficient funds in their account to cover the required payments to avoid any penalties or disruptions.