What date format is required for the General Release in the Chatime franchise agreement?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS AGREEMENT is made and entered into on , 20 , by and among Franchisor, Tenant, and Landlord.
Source: Item 23 — Receipts (FDD pages 58–262)
What This Means (2025 FDD)
According to the 2025 Chatime Franchise Disclosure Document, the General Release includes a space for the date. The lease addendum shows an example of how the date should be formatted. The agreement is made and entered into on a specific day, month, and year, such as " , 20 ," indicating that the date should be written with the day and year, with the month written out.
This means that when a Chatime franchisee signs the General Release, they must fill in the date in the format specified in the lease addendum. This ensures that the release is properly dated and legally binding. The franchisee should pay close attention to the formatting to avoid any potential issues with the enforceability of the release.
It is important for prospective Chatime franchisees to carefully review all documents, including the General Release and Lease Addendum, to understand their obligations and rights. Paying attention to details such as date formats can help ensure compliance with the franchise agreement and avoid future disputes.