What is the specific section of the Cicis Franchise Agreement that defines 'deliver' in relation to the termination notice?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Termination; Lost Revenue Damages. Provided you and your affiliates have been in Good Standing from the Effective Date and remain so during the notice period specified below, you may, at any time prior to [insert date that is the 18-month anniversary of the Effective Date], and without cause, deliver (as defined in the Franchise Agreement) a written notice to us of your election to terminate the Franchise Agreement. Termination will be effective at the close of business on the 30th day following delivery of your written notice of termination, and you will thereafter be required to comply with all obligations under the Franchise Agreement that are either triggered by or that expressly or by implication survive termination (except the obligation to pay Lost Revenue Damages under Section 16.M of the Franchise Agreement).
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to the 2025 Cicis Franchise Disclosure Document, Item 23 discusses receipts and termination but does not provide a specific section of the Franchise Agreement that defines the term 'deliver' in relation to the termination notice. Item 23 does mention that a franchisee may, under certain conditions, deliver a written notice to Cicis of their election to terminate the Franchise Agreement.
Because the FDD excerpt does not define 'deliver', it is important for a prospective franchisee to understand what constitutes 'delivery' of a termination notice. This could include methods such as certified mail, personal delivery, or electronic transmission, and the specific requirements could significantly impact the timing and effectiveness of a termination notice.
A prospective Cicis franchisee should ask the franchisor for clarification on what constitutes acceptable delivery of a termination notice under the Franchise Agreement. Understanding this term is crucial for franchisees who may consider terminating their agreement within the specified timeframe, as it ensures they comply with the required procedures and that their notice is properly received and acknowledged by Cicis.