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Clean Break Agreement
I need a Clean Break Agreement under UAE law to finalize my divorce settlement, including division of a Dubai property portfolio worth AED 5 million and arrangements for transferring business shares in my tech startup.
1. Parties: Details of both spouses entering into the clean break agreement
2. Background: Brief history of marriage, date of separation, and current status of divorce proceedings
3. Definitions: Key terms used throughout the agreement defined for clarity
4. Declaration of Intent: Statement confirming both parties' intention to achieve a complete financial separation
5. Financial Disclosure: Confirmation that both parties have made full and frank disclosure of all assets and liabilities
6. Division of Assets: Detailed arrangements for division of all matrimonial assets including property, investments, and personal possessions
7. Financial Claims: Mutual agreement to waive all future financial claims against each other
8. Implementation: Timeframes and practical arrangements for implementing the agreement
9. Governing Law: Confirmation that UAE law governs the agreement
10. Binding Effect: Statement that the agreement is intended to be legally binding
11. Execution: Signing requirements and witness provisions
1. Children's Arrangements: Include if there are children of the marriage - details of custody, access, and maintenance arrangements
2. Pension Arrangements: Include if either party has pension assets that need to be divided
3. Business Interests: Include if either party owns business interests that need to be addressed
4. Inheritance Rights: Include if there are specific inheritance matters to be addressed under UAE law
5. Confidentiality: Include if parties wish to keep terms of settlement private
6. Tax Provisions: Include if there are significant tax implications to be addressed
7. Future Dispute Resolution: Include if parties want to specify how future disputes will be handled
8. Property Transfer Arrangements: Include if there is real estate to be transferred between parties
1. Schedule 1: Asset Schedule: Complete list of all matrimonial assets and their agreed values
2. Schedule 2: Property Details: Details of any real estate including ownership status and transfer arrangements
3. Schedule 3: Financial Disclosure: Detailed financial statements from both parties
4. Appendix A: Supporting Documents: List of all relevant certificates, property documents, and court orders
5. Appendix B: Implementation Timeline: Detailed timeline for implementing various aspects of the agreement
Authors
Effective Date
Matrimonial Assets
Matrimonial Home
Financial Claims
Separate Property
Joint Property
Implementation Date
Disclosure Statement
Legal Representatives
Court Order
Matrimonial Proceedings
Transfer Date
Settlement Sum
Personal Effects
Property Rights
Maintenance
Execution Date
UAE Law
Sharia Principles
Definitions
Asset Division
Financial Settlement
Mutual Release
Property Transfer
Confidentiality
Implementation
Warranties and Representations
Future Claims Waiver
Financial Disclosure
Legal Costs
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Binding Effect
Third Party Rights
Execution
Notices
Legal Services
Financial Services
Real Estate
Professional Services
Family Services
Wealth Management
Private Banking
Legal
Family Law
Private Client Services
Wealth Management
Document Processing
Notary Services
Court Services
Mediation
Advisory Services
Family Law Attorney
Legal Counsel
Divorce Lawyer
Private Client Advisor
Wealth Manager
Financial Advisor
Property Lawyer
Notary Public
Legal Document Specialist
Family Court Judge
Mediator
Legal Consultant
Sharia Law Expert
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