I have a settlement agreement with a franchise that has agreed to return franchise fees I paid by 12/31. The owner called me and said he needs two more weeks to pay. The agreement states that they have 5 days to cure a default upon receipt of the notice of default. Do I have to send the notice of default right after the due date of 12/31 or can I give him the extra 2 weeks and send the notice mid January if he does not pay by then? I want to make sure this guy is not trying to weasel his way out of paying if I don't file within the required timeframe.