What is the purpose of the Veteran's Incentive Program Addendum for Cicis?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
On Smile LLC ("we") and the "Developer" identified below ("you" and, together with us, the "Parties") execute this Veteran's Incentive Program Addendum (the "Addendum") to supplement and amend that certain Area Development Agreement they have executed immediately prior to the execution of this Addendum (as it might have otherwise been amended, the "Development Agreement"). The "Effective Date" of this Addendum is the Effective Date of the Development Agreement. Capitalized terms used but not defined in this Addendum have the meanings given them in the Development Agreement. For valuable consideration, receipt and sufficiency of which are acknowledged, the Parties agree as follows:
Representations Regarding Veteran Status.
You have asked to participate in our Veterans Incentive Program (the "Program") and, in support of your request, have provided us with information, whether as part of the Application Materials or separately (the "Supporting Information"), to confirm your qualifications to participate in the Program.
You represent and warrant to us that the Supporting Information is true and correct and that you satisfy all of our requirements for participation in the Program.
In reliance on the foregoing, we approve your participation in the Program with respect to Franchise Agreements that you or your affiliates execute pursuant to the Development Agreement from and after the Effective Date of this Addendum (the "Qualifying Franchise Agreements").
You must promptly notify us, in writing, if any of the Supporting Information changes or ceases to be true and correct.
We may revoke your participation in the Program if, at any time, we determine that you no longer qualify for participation.
Waiver of Development Fee.
While you are approved to participate in the Program and remain in good standing, we hereby waive your obligation to pay us a Development Fee under the Development Agreement and an Initial Franchise Fee under the Qualifying Franchise Agreements.
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to the 2025 Cicis Franchise Disclosure Document, the Veteran's Incentive Program Addendum serves to supplement and amend either the Area Development Agreement or the Franchise Agreement between On Smile LLC (Cicis) and the developer or franchisee. The addendum is designed for individuals who have asked to participate in the Veteran's Incentive Program. By providing supporting information to confirm their qualifications, veterans may receive certain incentives.
The addendum includes representations regarding the veteran's status, where the veteran confirms the accuracy of the provided information and their eligibility for the program. Cicis relies on this information to approve the veteran's participation in the program for Qualifying Franchise Agreements. The veteran is obligated to notify Cicis of any changes to the supporting information that may affect their eligibility. Cicis retains the right to revoke participation in the program if the veteran no longer qualifies.
One potential benefit of the Veteran's Incentive Program is the waiver of certain fees. While approved and in good standing within the program, a veteran may have their obligation to pay the Development Fee under the Area Development Agreement and the Initial Franchise Fee under the Qualifying Franchise Agreements waived. This can significantly reduce the initial investment required to start a Cicis franchise. The specific incentives can vary, but the core purpose is to support and encourage veteran participation in the Cicis franchise system.