What constitutes an 'Occupancy Right' for a Chatime outlet?

According to Chatime's 2025 Franchise Disclosure Document, an 'Occupancy Right' is defined as any right to occupy the premises of a Chatime outlet. This includes various forms of legal agreements that allow the franchisee to use and possess the physical location of their store.

Specifically, the definition encompasses arrangements where the franchisee is a lessee, meaning they rent the property directly from the landlord. It also includes situations where the franchisee is a sublessee, indicating they are renting the property from another lessee. Furthermore, an 'Occupancy Right' covers instances where the franchisee is a licensee, suggesting they have a license agreement granting them the right to use the premises.

Finally, the definition extends to any other interest in the premises that provides an enforceable right to use or occupy the space. This broad definition ensures that any legal arrangement that allows the franchisee to operate their Chatime store in a specific location is considered an 'Occupancy Right,' regardless of the specific legal terminology used.