What is the significance of the term 'Parties' 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 term "Parties" in the Reopen Incentive Program Addendum refers to the entities that are entering into the agreement. Specifically, the "Parties" include On Smile LLC, which is referred to as "we," the "Franchisee" (referred to as "you"), and the franchisee's owners who have guaranteed the franchisee's performance under the Franchise Agreement, who are collectively referred to as the "Guarantors."
The Reopen Incentive Program Addendum is an agreement that supplements and amends the existing Franchise Agreement. By defining the "Parties" involved, the addendum clarifies who is bound by the terms and conditions outlined within it. This is a standard legal practice to ensure that all signatories are clearly identified and understand their respective roles and responsibilities in the agreement.
For a prospective Cicis franchisee, understanding the definition of "Parties" is crucial because it identifies everyone who is legally bound by the Reopen Incentive Program Addendum. This includes the franchisee, the franchisor (On Smile LLC), and any personal guarantors. All "Parties" must agree to the terms of the addendum for it to be valid and enforceable. The Reopen Incentive Program Addendum is attached to the Franchise Agreement.