Obligation Timeline & Payment Calculator

Total Settlement Amount

Number of Installments

Agreement Effective Date

Late Payment Terms

Grace/Cure Period (days)

Calendar Days Business Days

Payment Schedule

Installment	Due Date	Amount
Enter data and click Calculate.

Late Deadline: -- days after due date.

Total Amount: $0.00

Assumptions Used

Equal installment amounts.
First payment due on the effective date.
Subsequent payments due every 30 calendar days.
Business days exclude Saturday/Sunday.

Managing Settlement Agreement Obligations

Settlement agreements create binding financial and operational duties. Missed deadlines or improper documentation can lead to breach claims, additional penalties, and loss of negotiated protections.

Common Failure Modes

Payment Timing: Missing an installment deadline, even by one day, can sometimes void the entire agreement.
Recordkeeping: Failing to document proof of payment and communication can complicate disputes.
Owner Confusion: Lack of a clear internal owner leads to tasks falling through the cracks.
Cure Period Misunderstanding: Not knowing if "days" means calendar or business days for grace periods.

Realistic Examples

Scenario	Total	Installments	First Due	Cure Period	Key Takeaway
Employee Separation	$25,000	2	Upon Signing	5 Business Days	Second payment due 30 days later; note business day difference.
Vendor Dispute	$8,500	1	Jan 15, 2024	10 Calendar Days	Single payment, but late deadline is Jan 25.

Common Mistakes Checklist

Assuming "days" always means calendar days. Not saving proof of payment (screenshots, confirmations). Failing to assign a primary internal owner for tracking. Not diarizing the final compliance date after the last payment.

Obligation Tracker

Manually add and track individual obligations, deadlines, and evidence.

Obligation	Owner	Due Date	Evidence	Status

0 obligations tracked.

Frequently Asked Questions

How accurate are the date calculations?

This tool uses standard JavaScript date functions. It assumes consistent month lengths. Always verify critical legal deadlines with a calendar and your agreement's specific definitions.

What's the difference between calendar and business days?

Calendar days include every day. Business days typically exclude weekends and public holidays. This tool excludes only Saturdays and Sundays for business days. Your contract may define them differently.

How should I document compliance?

Keep a secure file with: the signed agreement, all payment confirmations, email correspondence about the settlement, and a log of completion dates for non-payment obligations (like document destruction).

When should I consult a lawyer?

Immediately if: you might miss a deadline, the other party claims a breach, you need to interpret ambiguous terms, or obligations involve sensitive areas like confidentiality, non‑disparagement, or regulatory reporting.

Settlement Agreement Obligations Tracker

Menu

Settlement Agreement Obligations Tracker

AI Assistant

Was this tool helpful?