factual

How long do Chatime parties have to select an Arbitrator from their list of names?

Chatime Franchise · 2025 FDD

Answer from 2025 FDD Document

AAA shall send each of the Parties a separate list of at least at least ten (10) Arbitrator candidates from the AAA Franchise Panel.

AAA shall also provide each Party with a brief description of the background and experience of each Arbitrator candidate.

  • (6) Within seven (7) calendar days of service upon the Parties of their list of names, each Party may select one Arbitrator from their respective list.

The two party-appointed Arbitrators shall name a third Arbitrator who shall act as the Chairperson.

Source: Item 23 — Receipts (FDD pages 58–262)

What This Means (2025 FDD)

According to Chatime's 2025 Franchise Disclosure Document, after receiving a list of arbitrator candidates from the AAA, each party has seven calendar days to select one arbitrator from the provided list. The American Arbitration Association (AAA) sends each party a separate list containing at least ten arbitrator candidates from the AAA Franchise Panel, along with a brief description of their backgrounds and experience.

This means that a prospective Chatime franchisee involved in a dispute that proceeds to arbitration must act quickly upon receiving the list of potential arbitrators. Failing to select an arbitrator within the seven-day timeframe could potentially limit their influence on the composition of the arbitration panel. The two party-appointed arbitrators will then select a third arbitrator to act as the Chairperson.

This process is designed to ensure that both parties have a say in selecting the arbitrators who will preside over their dispute. The relatively short timeframe emphasizes the importance of being prepared to review the candidates' qualifications and make a decision promptly. Franchisees should familiarize themselves with potential arbitrators and understand the arbitration process to effectively exercise their selection rights within the given timeframe.

It is important to note that the arbitrator selection process is managed by the AAA, which is a neutral organization. This helps to ensure fairness and impartiality in the arbitration process. The selection of arbitrators with relevant experience and expertise is crucial for a just resolution of any disputes that may arise between Chatime and its franchisees.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.