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what is the grace period on a lawsuit settlement hello im robert todd and im here to talk about the grace period on a lawsuit settlement well the law on grace periods may vary from state to state and many states may not have any such grace period generally speaking whatever grace period is going to be afforded you if any is going to be contained within the confines of the document that contains your lawsuit settlement when you get into contracts like a lawsuit settlement unless you do this on a day-to-day basis we strongly urge you to consider consulting an attorney that does this on a regular basis you want to be sure what the lawsuit settlement says what you are settling for the terms of that settlement what rights you are giving up and whether or not you have any opportunity to change your mind its all going to be contained within the confines of that document thats what we should consider with regard to a grace period in a lawsuit settlement im robert todd and thank you for w