Settlement agreements impose time-bound payment obligations and reciprocal release requirements. This example shows how DueCounsel structures those obligations for review and calendar export.
The Defendant agrees to pay to the Plaintiff the sum of $85,000 in full and final settlement of all claims. Payment shall be made in two installments: $40,000 on or before May 1, 2026, and $45,000 on or before July 1, 2026. The Plaintiff shall deliver a signed release in favor of the Defendant within 5 business days of receipt of the final payment.
This is a fictional document excerpt created for demonstration purposes only.
DueCounsel extraction output
| Extracted date | Deadline type | Action item | Responsible party | Confidence | Calendar export |
|---|---|---|---|---|---|
| May 1, 2026 | Payment deadline | First installment payment of $40,000 | Defendant | High | ICS / CSV |
| Jul 1, 2026 | Payment deadline | Final installment payment of $45,000 | Defendant | High | ICS / CSV |
| 5 business days after Jul 1 (~Jul 8) | Delivery obligation | Deliver signed release to Defendant | Plaintiff | Medium | ICS / CSV |
Why this matters
Missed settlement payment deadlines can void an agreement or trigger default provisions. The release obligation is often missed because it is conditional on the final payment.
Lawyer review required
The release deadline is computed from the final payment date. If payment is late, the trigger shifts — review and confirm the calendar date before exporting.
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