What is the deadline for submitting a renewal request for the Chatime license agreement?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
The license agreement will be renewed as long as a request for renewal has been submitted at least six months prior to the expiration term, for successive terms of 10 years, unless one party provides the other party with notice of its intention not to renew the license agreement at least 90 days before the end of the thencurrent term.
Source: Item 23 — Receipts (FDD pages 58–262)
What This Means (2025 FDD)
According to Chatime's 2025 Franchise Disclosure Document, the license agreement will be renewed for successive 10-year terms if a renewal request is submitted at least six months before the current term expires. If either party intends not to renew the agreement, they must notify the other party at least 90 days before the end of the current term.
For a prospective Chatime franchisee, this means that if they wish to continue operating their franchise beyond the initial term, they must proactively request a renewal well in advance. Failing to submit the renewal request at least six months before expiration could result in the termination of their franchise agreement. Conversely, Chatime must also provide adequate notice if they choose not to renew a franchise agreement.
It's important for franchisees to mark these deadlines on their calendars and maintain open communication with Chatime regarding their intentions for renewal. This ensures compliance with the agreement terms and avoids any surprises or disruptions to their business operations. Franchisees should also familiarize themselves with any specific procedures or forms required for submitting a renewal request to ensure a smooth process.