MEMORANDUM DECISION AND ORDER I. BACKGROUND On or about May 31, 2016, Plaintiff filed a complaint in the Court of Common Pleas of Montgomery County, Pennsylvania, against Janine Price, Defendant Royal Environmental, Inc. and Defendant Danny L. Price a/k/a Daniel L. Price (hereinafter referred to as the “Montgomery County Pennsylvania Action”). See Dkt. No. 12-2 at 1. The parties reached a settlement in that action; and, on March 1, 2018, caused a Stipulation of Settlement (“Stipulation”) to be filed with the Montgomery County Court of Common Pleas. See id. Pursuant to that Stipulation, the parties agreed that Plaintiff would discontinue the Montgomery County Pennsylvania Action as to Janine Price, which it did on March 1, 2018, upon the filing of a Praecipe to Discontinue Action with the Montgomery County Court of Common Pleas. See id. In addition, pursuant to the Stipulation, Defendants were to pay Plaintiff the total sum of $110,000 as settlement in full of the Montgomery County Pennsylvania Action as follows: $40,000 upon the execution of the Stipulation, $30,000 on or before December 1, 2018, and $40,000 on or before December 1, 2019. See id. To further secure the settlement, Plaintiff and Defendants agreed that Plaintiff would hold a properly executed Consent Judgment in favor of Plaintiff and against Defendants in the full amount of $333,353.71, which would be submitted to the Court only upon a default under the Stipulation. See id. at 2. Defendants made the first $40,000 payment upon the execution of the Stipulation but, despite demand, failed to make any additional payments. See id. Defendants defaulted on their obligations under the Stipulation by failing to make the payment due on December 1, 2018. See id. Despite multiple demands, Defendants did not make that payment, and they remain in default under the Stipulation in the amount of $293,353.71 plus costs of suit and interest at the judgment rate. See id. Plaintiff filed the instant action in this Court on September 24, 2019. See id. (citing DK. 1). Plaintiff properly served Defendant Danny L. Price with the Summons, Complaint, Notice, General Order #25, Case Management Plan, Case Assignment Form, and Disclosure Statement personally and on behalf of Defendant Royal Environmental, Inc. on November 27, 2019. See id. Plaintiff filed affidavits of service on December 23, 2019. See id. (citing Dks. 8 & 9). Plaintiff filed its request for entry of default on December 30, 2019, see id. (citing Dk. 10), which the Clerk entered on December 31, 2019, see id. (citing Dk. 11). Pending before the Court is Plaintiff’s motion for entry of a default judgment pursuant to Rule 55(b)(2) of the Federal Rules of Civil Procedure. See Dkt. No. 12. II. DISCUSSION A. Rule 55 of the Federal Rules of Civil Procedure “Rule 55 of the Federal Rules of Civil Procedure provides a two-step process for obtaining a default judgment.” Priestley v. Headminder, Inc., 647 F.3d 497, 504 (2d Cir. 2011). First, under Rule 55(a), the plaintiff must obtain a clerk’s entry of default. See Fed. R. Civ. P. 55(a) (providing that, “[w]hen a party against whom a judgment for affirmative relief is sought has failed to plead or otherwise defend, and that failure is shown by affidavit or otherwise, the clerk must enter the party’s default”); N.D.N.Y. L.R. 55.1 (requiring a party seeking a clerk’s entry of default to “submit an affidavit showing that (1) the party against whom it seeks a judgment of affirmative relief is not an infant, in the military, or an incompetent person (2) a party against whom it seeks a judgment for affirmative relief has failed to plead or otherwise defend the action…and (3) it has properly served the pleading to which the opposing party has not responded”). Second, under Rule 55(b), the plaintiff may apply for entry of a default judgment by the clerk, “[i]f the plaintiff’s claim is for a sum certain” or by the court “[i]n all other cases[.]” Fed. R. Civ. P. 55(b)(1), (2); N.D.N.Y. L.R. 55.2(b) (providing, among other things, that “ [a] party shall accompany a motion to the Court for entry of a default judgment pursuant to Fed. R. Civ. P. 55(b)(2), with a clerk’s certificate of entry of default . ., a proposed form of default judgment, and a copy of the pleading to which no response has been made”). B. Liability By failing to answer or otherwise defend this action, Defendants are deemed to have admitted the factual allegations in the complaint. See Greyhound Exhibitgroup, Inc. v. E.L.U.L. Realty Corp., 973 F.2d 155, 158 (2d Cir. 1992) (noting that “a party’s default is deemed to constitute a concession of all well pleaded allegations of liability” (citations omitted)). However, “before entering default judgment, the Court must review the Complaint to determine whether Plaintiff has stated a valid claim for relief.” Wells Fargo Bank, N.A. v. Burns, No. 3:16-cv-00533 (BKS/DEP), 2018 WL 6028050, *5 (N.D.N.Y. Nov. 16, 2018) (citing Finkel v. Romanowicz, 577 F.3d 79, 84 (2d Cir. 2009)) (other citation omitted). In its complaint, Plaintiff asserts two causes of action. See, generally, Dkt. No. 1. The first cause of action seeks enforcement of the Consent Judgment that Plaintiff filed in the Montgomery County, Pennsylvania Action on May 29, 2019. See id. at
