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Thank you for your help! We have all the information we need now.

Thank you for your help! We have all the information we need now.

Sorry, new to this... I meant the person that broke the agreement, incurring the 500$ penalty. The contract was for childcare and in the contract it was stated that if the person providing the childcare left without warning, there would be a penalty (as well as vise versa for the parents of the...

Length of time as to which the 500$ fine was to be paid back.

If a contract was drawn up and signed, and there was a breach of contract that caused the broacher to owe 500$ but no timeline, would the broacher be obligated to pay immediately upon breaching? or would the broacher be able to set the timeline?