Does the Chatime FDD include an Acknowledgment Addendum?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit F Acknowledgment Addendum to Chatime Franchise, LLC Franchise
Agreement
Source: Item 22 — Contracts (FDD page 58)
What This Means (2025 FDD)
Yes, according to Chatime's 2025 Franchise Disclosure Document, an Acknowledgment Addendum is included as part of the franchise agreement. Specifically, Exhibit F is listed as the "Acknowledgment Addendum to Chatime Franchise, LLC Franchise Agreement." This addendum likely serves as a formal confirmation that the franchisee has received, reviewed, and understands the FDD and franchise agreement before entering into the franchise relationship.
Acknowledgment addenda are standard practice in franchising. They help ensure that franchisees are fully informed about the terms and conditions of the franchise agreement, as well as their rights and obligations. This helps to minimize potential disputes or misunderstandings between the franchisor and franchisee later on.
Prospective Chatime franchisees should carefully review the Acknowledgment Addendum (Exhibit F) and ensure they fully understand its contents before signing. If there are any aspects of the FDD or franchise agreement that are unclear, they should seek clarification from Chatime or an experienced franchise attorney.