Can the Cicis Veterans Incentive Program Addendum be executed in counterparts?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
- Construction; Execution. This Addendum forms an integral part of and is incorporated into the Franchise Agreement and represents the sole agreement between the Parties with respect to the matters set forth herein. Except as set forth herein, the Franchise Agreement remains in full force and effect. This Addendum may be executed in counterparts which, taken together, constitute a single document. Electronic execution is authorized, and photocopies of the Addendum and signatures hereto have the same force and effect as originals.
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 can be executed in counterparts. Specifically, the addendum forms an integral part of the Franchise Agreement and represents the sole agreement between the parties involved.
This means that the agreement does not need to be signed all at once; instead, each party can sign a separate copy of the document, and all the signed copies together will be considered a single, binding agreement. This flexibility can be particularly useful when the parties are located in different geographic locations or have difficulty coordinating a single signing event.
Furthermore, the FDD states that electronic execution is authorized, and photocopies of the Addendum and signatures have the same force and effect as originals. This further streamlines the execution process, allowing for quicker and more convenient agreement finalization. This is a common practice in the franchise industry, as it allows for efficient processing of legal documents across different locations.