Does the Chatime franchise agreement specify the month of the General Release?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS AGREEMENT is made and entered into on , 20 , by and among Franchisor, Tenant, and Landlord. BACKGROUND A. Landlord and Tenant have executed a lease agreement dated , 20 ("Lease") for the Premises ("Leased Premises") for use by Tenant as a business to be opened pursuant to Franchisor's proprietary marks and system in connection with a Franchise Agreement dated , 20 Tenant ("Franchise Agreement"); by and between Franchisor and
Source: Item 23 — Receipts (FDD pages 58–262)
What This Means (2025 FDD)
According to the 2025 Chatime Franchise Disclosure Document, the franchise agreement does not specify the month of the General Release. However, Exhibit 2 provides a template for a lease addendum that includes a space for the agreement date. This date would be filled in when the agreement is executed.
Specifically, the lease addendum includes the following fields to be completed: the date of the lease agreement between the landlord and tenant, and the date of the Franchise Agreement between Chatime and the tenant. The document states, "THIS AGREEMENT is made and entered into on , 20 , by and among Franchisor, Tenant, and Landlord." and "Landlord and Tenant have executed a lease agreement dated , 20 ("Lease") for the Premises ("Leased Premises") for use by Tenant as a business to be opened pursuant to Franchisor's proprietary marks and system in connection with a Franchise Agreement dated , 20 Tenant ("Franchise Agreement"); by and between Franchisor and".
While the FDD does not explicitly state the month of the general release, it does provide a framework for documenting the agreement's date, which would include the month. This ensures that all parties are aware of when the agreement was formally established. Prospective franchisees should pay close attention to these dates when reviewing and signing agreements to ensure clarity and accuracy.