What is the definition of 'Month' according to the Chatime FDD?

According to Chatime's 2025 Franchise Disclosure Document, a 'Month' is defined as a calendar month. This definition is important for several aspects of the franchise agreement. For example, the term 'Quarter' is defined as three successive months, commencing on specific dates.

Understanding the term 'Month' is crucial for franchisees as it relates to various operational and financial obligations. Royalty payments, marketing contributions, and other fees might be assessed on a monthly or quarterly basis, so knowing exactly what constitutes a 'Month' ensures clarity and avoids potential disputes.

Additionally, performance metrics and targets could be evaluated monthly, impacting a franchisee's compliance with the franchise agreement and their eligibility for renewal or other incentives. Therefore, prospective Chatime franchisees should pay close attention to this definition and how it applies to their specific obligations and opportunities under the franchise agreement.