factual

What year is required to be entered in the General Release of the Chatime franchise agreement?

Chatime Franchise · 2025 FDD

Answer from 2025 FDD Document

IN WITNESS WHEREOF, the UNDERSIGNED executed this General Release on the day and year first above written.

FRANCHISEE: (Signature) (Print name)

EXHIBIT 2 to the Franchise Agreement Form of Lease Addendum

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

What This Means (2025 FDD)

According to the 2025 Chatime Franchise Disclosure Document, the General Release requires the franchisee to enter the year the release is executed. The document includes a sample General Release form, which contains a space for the date, including the year, to be filled in when the document is signed. This ensures that the release is dated and legally binding for both Chatime and the franchisee.

Prospective franchisees should pay close attention to the details of the General Release, as it can impact their rights and obligations. It is important to understand the implications of signing such a release and to seek legal counsel if necessary. The General Release is designed to protect Chatime from future claims related to the franchise agreement, so franchisees should carefully consider its terms before signing.

In addition to the date, the General Release also requires the franchisee's signature and printed name, further solidifying the agreement. This level of detail is standard practice in franchise agreements to ensure clarity and legal enforceability. Franchisees should be aware of all the information required on the General Release and ensure it is accurately completed to avoid any potential issues in the future.

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.