What is the definition of 'Month' in the Chatime franchise agreement?

Based on the 2025 Chatime Franchise Disclosure Document, the term 'Month' is used in the context of the option for a new term. To exercise this option, the franchisee must notify Chatime in writing of their intention to do so not more than 12 months and not less than 8 months prior to the end of the initial term.

This timeframe is crucial for franchisees to consider, as missing the notification window could result in losing the opportunity to renew their franchise agreement. The franchisee's option to renew is contingent upon fulfilling certain conditions, including substantial compliance with all material provisions of the agreement throughout the initial term and the absence of any outstanding breaches at the time of notification and the end of the initial term.

This clause ensures that Chatime has sufficient time to plan for the future of the franchise location, whether it involves renewal with the existing franchisee or exploring other options. It also motivates the franchisee to maintain good standing with Chatime throughout the term of the agreement, as compliance is a prerequisite for renewal.