SEPARATION AND PROPERTY SETTLEMENT AGREEMENT
This Agreement, entered into this ____ of ________________________________ ,
20 _____ , by and between __________________ , Plaintiff, and __________________ , Defendant.
WITNESSETH;
WHEREAS,
1. Plaintiff resides at ________________________ , __________________ , _____ ________ .
2. Defendant resides at _______________________ , __________________ , _____ ________ .
3. Plaintiff and Defendant were married on _______________ ____ , ______ and the marriage
is registered in __________________ , __________________ .
4. The parties separated on or about _______________ ____ , ______ .
5. The Plaintiff is not now pregnant.
6. There have been no children born of this marriage.
7. Plaintiff and Defendant are seeking a Judgment of Divorce.
NOW THEREFORE , in consideration of the mutual covenants, promises, and agreements
herein contained, it is mutually agreed by and between the Parties as follows:
1. SEPARATION OF THE PARTIES : Plaintiff and Defendant may and shall hereafter
live separate and apart from each other. Each shall be free from interference, authority and control,
direct or indirect, by the other as fully as if he or she were single and unmarried. Each may, for his
or her separate use and benefit, conduct, carry on, and engage in any business, profession or
employment which to him or her may seem advisable.
2. EXTENT OF AGREEMENT : The Parties mutually agree that in the pending action
for Divorce that all of the rights and liabilities of each of them, with respect to any property
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settlement, property transfers, allowances, orders, judgments, suit monies, maintenance, support
payments, debts of any type, legal fees and costs, shall be completely controlled and exclusively
determined by the Parties in accordance with the terms and provisions of this agreement between
the Parties hereunto. By execution of this Agreement, each of the Parties hereunto bind themselves,
their heirs, successors and personal representatives and assigns, and each of the Parties further
agree for themselves, their heirs, personal representatives and assigns, to execute any necessary
documents or instruments to carry out the purposes and intent of this Agreement.
3. HOUSEHOLD, PERSONAL GOODS AND OTHER PROPERTY : Plaintiff is to keep
all of the personal goods and household property in his/her possession; Defendant is to keep all of
the personal goods and household property in his/her possession. In all respects the Plaintiff and
Defendant have divided, to their mutual satisfaction, all household and personal goods; said
division has included property either acquired before, during the marriage, or during any period of
separation, and it will remain the sole property of the Party in whose possession it presently is, free
of any right, title or interest of the other.
Plaintiff shall be entitled to the following additional property:
A.
B.
C.
Defendant shall be entitled to the following additional property:
A.
B.
C.
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4. MAINTENANCE/SUPPORT/ALIMONY : Each Party expressly waives periodic
maintenance/support/alimony, and, understands that said waiver of maintenance is non-modifiable.
Each party understands that neither party may go back to any court in the future and request
spousal maintenance/support/alimony.
5. PENSION AND RETIREMENT BENEFITS : It is agreed by the Parties that each
party shall waive whatever right he/she may have in the other party's pension or retirement benefits.
6. DEBTS :
Plaintiff will pay the following debts:
1. __________________________________ .
2. Any debt incurred by Plaintiff in Plaintiff’s own name
3. __________________________________
Defendant will pay the following debts:
1. Any debt incurred by Defendant in Defendant’s own name.
2. __________________________________
3. __________________________________
Each party shall be responsible for any debt that party incurred after the separation of the
parties. Both Parties agree that any future credit card obligation or other debt not specifically listed
in this agreement shall be the sole and separate responsibility of the Party that incurred said
obligation and that Party agrees to assume and pay said obligation and hold harmless the Party that
did not incur said debt. Neither Party shall incur any debt in the future for which the other Party
might be held liable, and each agree to cooperate fully with the other in canceling any joint credit
card accounts.
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7. VEHICLES : Check as appropriate:
There are no vehicles of the parties.
Plaintiff shall receive the __________________________________ , VIN#
____________ , and the debt thereon, as Plaintiff’s sole and separate property, free of any
right, title or interest in Defendant. Plaintiff shall assume any indebtedness owed on the
aforementioned vehicles and indemnify and hold Defendant harmless thereon. The
Defendant shall execute any and all titles, affidavits or documents necessary to reflect the
Plaintiff 's ownership of said vehicle.
Defendant shall receive the __________________________________ VIN#
____________ as Defendant’s sole and separate property, free of any right, title or interest in
Plaintiff. Defendant shall assume any indebtedness owed on the aforementioned vehicle and
indemnify and hold Plaintiff harmless thereon. The Plaintiff shall execute any and all titles,
affidavits or documents necessary to reflect the Defendant's ownership of said vehicle.
8. REAL ESTATE : The parties do not own marital real estate. The parties own
real estate located in County, New Jersey. This property shall be the property of and
shall be responsible for all debts and utilities thereon.
9. BANKING AND FINANCIAL ACCOUNTS : The Parties herein state that they no
longer hold any banking or financial accounts jointly. Any accounts that were previously held
jointly by the Parties have been divided and distributed to the mutual satisfaction of the Parties.
Each Party shall be the sole owner of any account on which his/her name appears individually, free
of any right, title or interest in the other Party.
10. PRESENTATION TO COURT : This Agreement shall be presented to a Court of
competent jurisdiction in the pending action between the Parties seeking a Divorce with the request
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that it be adjudicated and found to be not unconscionable, and that it be adopted by said Court as a
part of the Order of said Court of the final Judgment entered in the said proceedings.
11. LAW APPLICABLE : The provisions of this Agreement shall be construed and
enforced in accordance with the applicable laws of the State of New Jersey.
12. INDEMNIFICATION : Plaintiff shall indemnify the Defendant, including attorney's
fees incurred by Defendant for all expenses of the Defendant for the failure of the Plaintiff to carry
out any of the terms of this Agreement, and the Defendant shall indemnify the Plaintiff, including
attorney’s fees incurred by him, for the failure of the Defendant to carry out any of the terms of this
Agreement.
13. FULL UNDERSTANDING : Each Party fully understands all of the terms of this
Agreement, and the terms represent and constitute the entire understanding between them. Each
Party has read this Agreement and finds it to be in accordance with his or her understanding, and
instructions, and each voluntarily executes this Agreement and affixes his or her signature in the
presence of the witnesses indicated below. The Parties hereto each individually covenant and agree
that this Agreement has not been entered into by way of collusion, fraud or duress.
14. PERFORMANCE OF NECESSARY ACTS : Each Party shall execute all such
papers as may be necessary to enable the other Party to deal with his or her property and to carry
out the purposes and intent of this Agreement, and in the event either Party shall refuse or fail to
execute such documents or transfer this Agreement, shall operate as his or her consent and shall be
utilized in lieu of said transfer documents. Each Party shall, at any time from time to time
hereinafter, take any and all steps to execute, acknowledge and deliver to the other any and all
instruments and assurances that the other Party may reasonably require or find convenient,
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expedient or business like for the purpose of giving full force and effect to the provisions of this
Agreement.
15. INVESTIGATION AND DISCLOSURE : The Parties hereby agree that they have
made full disclosure to the other, as to the full extent of their property.
16. SEVERABILITY OF PROVISIONS : In the event that any of the provisions of this
Agreement are unenforceable when incorporated as part of the Court's judgment, it shall be
considered severable and enforceable by an action based on contractual obligations, and shall not
invalidate the remainder of this Agreement as incorporated in the Judgment.
17. MODIFICATION AND APPROVAL : The terms of this Agreement shall not be
subject to Modification or change, regardless of the relative circumstances of the Parties, and the
Parties recognize this agreement is subject to review and approval of the Chancery Court of
____________ County.
18. BREACH OF THIS CONTRACT : Breach of this contract by either Party shall not
restore any rights to the other Party in any property but the Parties shall look solely to this contract
for relief.
19. ATTORNEY FEES/COURT COSTS : The parties agree that Plaintiff
Defendant shall pay attorney fees and court costs incurred in this cause of action.
20. RELEASE OF RIGHTS : The Parties hereunto hereby release and relinquish all
right, title and interest in and to any and all property, real, personal, or mixed, now or hereinafter
acquired by the other Party, including any property set aside to each in accordance with the terms
and conditions of this Agreement, included but not limited to claims of dower, inheritance, descent,
distribution, statutory, or common law rights arising out of the marriage relationship between the
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Parties, and said Parties shall be forever barred from all rights in and to the estate of the other
except as herein provided.
IN WITNESS WHEREOF, Plaintiff has executed this Agreement on the ____ day of ______________ , 20 ___ , and
Defendant has executed this Agreement on the ____ day of ______________ , 20 ___ .
_______________________________________
Signature of Plaintiff
Print Name: _____________________________
_______________________________________
Signature of Defendant
Print Name: _____________________________
STATE OF NEW JERSEY
COUNTY OF ___________________
I CERTIFY that on ____ day of _______________ , 20 ____ , ______________________ and
_______________________ personally came before me and acknowledged under oath to my satisfaction, that this
person (or if more than one, each person):
a) is named in and personally signed the attached document; and
b) signed and delivered this document as his/her/their act and deed
______________________________
Notary Public
Print Name: ___________________
My commission expires:
___________________
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STATE OF NEW JERSEY
COUNTY OF ___________________
I CERTIFY that on ____ day of _______________ , 20 ____ , ______________________ and
_______________________ personally came before me and acknowledged under oath to my satisfaction, that this
person (or if more than one, each person):
a) is named in and personally signed the attached document; and
b) signed and delivered this document as his/her/their act and deed
______________________________
Notary Public
Print Name: ___________________
My commission expires:
___________________
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