For the Chatime franchise agreement, what days are excluded from the definition of 'Business Day'?

According to Chatime's 2025 Franchise Disclosure Document, a 'Business Day' is defined specifically within the franchise agreement. The agreement states that Saturdays and Sundays are excluded from the definition of a 'Business Day'. Additionally, any other day that is a public holiday in the location where an action or payment is scheduled to occur is also excluded.

For a prospective Chatime franchisee, this definition is important because it affects deadlines and timelines specified in the franchise agreement. For example, if a payment is due within five business days, the franchisee would need to account for weekends and public holidays, potentially extending the actual time to make the payment. This could impact compliance with the agreement and avoid late fees or other penalties.

Understanding this definition is crucial for managing the Chatime franchise effectively and meeting all obligations in a timely manner. Franchisees should mark these excluded days on their calendars to ensure they do not miscalculate important deadlines related to payments, reports, or other contractual requirements.