According to Chatime's 2025 Franchise Disclosure Document, the parties involved in the Multi-Unit Development Agreement are Chatime Franchise, LLC, identified as the Franchisor, the Developer, who is specified in Schedule 1 of the agreement, and the Guarantor, also specified in Schedule 1.

This agreement grants the Developer certain rights within a defined Development Area for a specific Initial Term. These rights include using Chatime's intellectual property to operate Chatime stores and the ability to operate these stores within the designated area. However, the agreement explicitly states that the Developer cannot franchise or operate outlets outside the Development Area, nor can their affiliates.

Chatime retains specific rights, including the ability to operate or franchise outlets outside the Development Area, sell raw materials and other products, and offer different services or products under the Chatime brand, even if not offered within a standard Chatime store. They can also engage in alternative distribution methods and even be acquired by entities providing similar services. This ensures Chatime maintains control over its brand and expansion strategies, even within areas covered by a development agreement.

Prospective franchisees should carefully review Schedule 1 of the Multi-Unit Development Agreement to understand the specific details regarding the Developer and Guarantor, as well as the defined Development Area, Development Period, and Development Quota. Understanding these elements is crucial for assessing the scope and limitations of the development rights being granted.