Does the Chatime franchise agreement specify the day of the General Release?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
is found by any court of competent jurisdiction to be unenforceable because it extends in too broad a scope, it will be interpreted to extend only over the maximum scope of release as to which it may be enforceable. This General Release does not apply to any release or waiver which would relieve any person from liability imposed to the FRANCHISOR by applicable laws.
IN WITNESS WHEREOF, the UNDERSIGNED executed this General Release on the day and year first above written.
FRANCHISEE: (Signature) (Print name)
EXHIBIT 2 to the Franchise Agreement Form of Lease Addendum
LEASE ADDENDUM
PARTIES: Franchisor: Chatime Franchise, LLC ("Franchisor") 8 The Green, Suite A, Dover, Delaware 19901 Tenant: ("Tenant") Name Address Landlord: ("Landlord") Name ("Address") PREMISES: Address: ("Premises") THIS AGREEMENT is made and entered into on , 20 , by and among Franchisor, Tenant, and Landl
Source: Item 23 — Receipts (FDD pages 58–262)
What This Means (2025 FDD)
According to the 2025 Chatime Franchise Disclosure Document, the General Release includes a space for the date of execution. The document states, "IN WITNESS WHEREOF, the UNDERSIGNED executed this General Release on the day and year first above written." This indicates that the General Release is dated when it is signed by the franchisee.
The inclusion of a date on the General Release is a standard legal practice, as it establishes a clear timeline for the release of claims. This date is important because the release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release. This means that the franchisee is only releasing claims that they are aware of at the time of signing.
Furthermore, the Chatime franchise agreement specifies that if any restriction set forth in the General Release is found to be unenforceable due to its broad scope, it will be interpreted to extend only over the maximum scope of release as to which it may be enforceable. This clause ensures that the General Release remains effective to the fullest extent permitted by law, while also protecting the franchisee from unknowingly waiving rights or claims. The General Release does not apply to any release or waiver which would relieve any person from liability imposed to the FRANCHISOR by applicable laws.