What constitutes a 'Month' according to the Chatime franchise agreement?

According to the 2025 Chatime Franchise Disclosure Document, a 'Quarter' is defined as a period of three successive 'Months,' commencing on January 1, April 1, July 1, and October 1 of each year. While the FDD defines 'Quarter' in terms of 'Months,' it does not explicitly define what constitutes a 'Month.'

Without a clear definition of 'Month,' franchisees may need to seek clarification from Chatime regarding how partial months are handled, especially in the context of royalty calculations or other time-sensitive obligations. For example, it would be important to know if a business that opens on the 15th of a month is responsible for the entire month's royalty or if it is prorated.

Prospective franchisees should ask Chatime for a precise definition of 'Month' within the franchise agreement to avoid potential disputes or misunderstandings regarding payment schedules, reporting periods, and other contractual obligations that are measured monthly or quarterly.