What should a prospective Cicis franchisee do with the two receipts attached as Exhibit L to the Disclosure Document?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached as Exhibit L to this Disclosure Document are 2 Receipts. When you receive this Disclosure Document, you must sign and date (as of the date of your receipt) both Receipts and return 1 to us, retaining the other for your records.
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, Exhibit L includes two receipts that a prospective franchisee must handle carefully. Upon receiving the Disclosure Document, the franchisee is required to sign and date both receipts, using the date they were received. After signing and dating, one receipt must be returned to Cicis, while the other should be kept by the franchisee for their own records.
This process serves as an acknowledgment that the franchisee has received the FDD, which is a critical step in the franchise purchasing process. The receipts provide Cicis with confirmation that the prospective franchisee is aware of the terms and conditions outlined in the document.
By retaining a signed copy, the franchisee has proof of receipt, which can be important for legal and business purposes should any disputes arise later. This practice is standard in franchising to ensure transparency and protect both parties involved in the franchise agreement.