On what page of the Chatime FDD does it discuss termination of the Chatime agreement?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
Clauses 2, 13, and 15 of the Franchise Agreement, under the headings "Grant of rights," "Transfer and other dealings by the Franchisee," and "Termination of Agreement," will be supplemented by the addition of the following language:
Source: Item 23 — Receipts (FDD pages 58–262)
What This Means (2025 FDD)
The 2025 Chatime FDD does not explicitly state the page number where termination of the agreement is discussed. However, the Minnesota Amendment to the Chatime Franchise Agreement indicates that Clause 15 of the Franchise Agreement addresses "Termination of Agreement." Therefore, a prospective franchisee should refer to Clause 15 within the full Chatime Franchise Agreement to find information regarding termination.
Additionally, Item 17 of the FDD includes summaries of various aspects of the franchise agreement, including termination conditions. Specifically, Item 17(d) summarizes "Termination by franchisee" and Item 17(f) summarizes "Termination by Franchisor With Cause." These sections provide an overview of the termination rights and conditions for both the franchisee and franchisor.
To get a comprehensive understanding of termination rights, a potential Chatime franchisee should carefully review Clause 15 of the Franchise Agreement, as well as Items 17(d) and 17(f) of the FDD, and consult with a legal professional.