What date is required for the signature of the Guarantor(s) of a Chatime franchise?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
Parties: Chatime Franchise, LLC (Franchisor)
Franchisee specified in Schedule 1 (Franchisee)
Guarantors specified in Schedule 1 (Guarantor)
Source: Item 23 — Receipts (FDD pages 58–262)
What This Means (2025 FDD)
The 2025 Chatime Franchise Disclosure Document states that the Guarantor, along with the franchisee, is a party to the Chatime Franchise Agreement. However, the FDD does not specify a particular date by which the Guarantor(s) must sign the agreement.
Instead, the Illinois and Multi-Unit Development Agreement Amendments state that the parties must execute, seal, and deliver the amendment on the same date as the Franchise Agreement. This implies that the Guarantor's signature should be contemporaneous with the execution of the Franchise Agreement itself.
Prospective Chatime franchisees should confirm the specific requirements for the Guarantor's signature and any related deadlines with the franchisor during their due diligence process. It would be prudent to clarify whether there are any specific procedures or documentation needed from the Guarantor at the time of signing the Franchise Agreement.