Is there a renewal development fee for Chatime, and if so, where can the terms be found?

According to Chatime's 2025 Franchise Disclosure Document, a Renewal Development Fee is required if a developer chooses to enter into a new development business agreement for a new term. The fee amount and specific terms are detailed in the then-current form of the Multi-Unit Development Agreement, as stated in clause 5.2.

Specifically, clause 2.7 outlines the conditions under which a developer can exercise their option to renew. These conditions include paying the Renewal Development Fee as per clause 5.2, completing any additional required training to the franchisor's satisfaction (at the developer's expense), executing the Current MFA (Multi-Unit Franchise Agreement) and other required documents, and potentially executing a general release of claims against Chatime.

Furthermore, Chatime may require renovations and refurbishments to outlets that have been in operation for five or more years to meet the current standards for new outlets. The franchisor must confirm in writing that all renewal conditions have been met. If these conditions are not satisfied or waived before the initial term expires, the agreement will terminate, and Chatime will be free to grant franchises and development rights in the Development Area to others.