Divorce Agreement Template

DIVORCE AGREEMENT

Parties

Recitals

WHEREAS, the parties were lawfully married on in , ;

WHEREAS, irreconcilable differences have arisen between the parties and they have agreed to settle all issues of property, support, custody and other rights and obligations without further litigation;

WHEREAS, the parties intend this Agreement to be a complete and binding settlement of their respective rights and obligations, subject to entry of a decree of divorce by the appropriate court.

Scope of Agreement

The parties agree that this Agreement sets forth the full terms of settlement of all financial and familial matters between them. The parties intend that the provisions set forth herein shall survive the entry of a decree of divorce and shall be specifically enforceable as contractual obligations.

Division of Property and Debts

The parties agree to the following division of marital property, pension, retirement, and jointly held assets, and to allocation of debts as set forth below. The parties acknowledge that the allocations are made in consideration of their respective financial circumstances and other factors.

Spousal Support / Payment Terms

The parties agree to the following spousal support terms. The obligation for support may be modifiable or non-modifiable as indicated below. Payments shall be made by electronic transfer, check, or other mutually agreed method unless otherwise ordered by the court.

All support payments are to continue until the earlier of the termination date set forth below or as otherwise modified by a court of competent jurisdiction. Unless otherwise stated, support payments are payable until

Child Custody and Support

Term and Termination

This Agreement shall become effective upon execution by both parties and shall remain in effect until terminated in accordance with its terms. Either party may seek modification only as permitted by law.

Effective Date: . Termination Date (if any):

Notice of intent to terminate or to assert breach shall be provided in writing and delivered to the other party by personal service, certified mail, or overnight courier. Notice period:

Confidentiality

The parties agree that the terms and financial provisions of this Agreement are confidential and shall not be disclosed to third parties except as required by law or necessary for enforcement. Each party shall use commercially reasonable efforts to prevent unauthorized disclosure of confidential provisions.

By checking this box, the party acknowledges agreement to the confidentiality obligations stated above.

Taxes and Filings

The parties shall file all income tax returns in a manner consistent with this Agreement. The parties shall cooperate in preparing any necessary allocation statements required by taxing authorities. Allocation of dependency exemptions and tax credits:

Insurance and Retirement Accounts

Each party shall be responsible for maintaining their own life and health insurance unless specified otherwise. Division or assignment of retirement accounts shall occur by appropriate order or qualified domestic relations order where required; specific intent and steps are set forth below.

Release and Mutual Waiver

Except as otherwise provided herein, each party releases the other from all claims, demands, and causes of action arising out of the marriage or its dissolution, waiver of future claims except for enforcement of this Agreement, and as permitted by applicable law. This mutual release does not affect rights to enforce the terms of this Agreement.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to principles of conflicts of law. The parties submit to the exclusive jurisdiction of the courts of that state for purposes of enforcement.

Entire Agreement

This Agreement constitutes the entire understanding between the parties with respect to its subject matter and supersedes all prior negotiations, understandings, and agreements, whether oral or written. Any modification must be in writing and signed by both parties to be effective.

Execution

The parties acknowledge that they have read and fully understand the terms of this Agreement, have had the opportunity to seek independent legal advice, and enter into this Agreement voluntarily.

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