Document background
The Global Settlement Offer Divorce document is a critical instrument in Canadian divorce proceedings, used when parties are ready to propose or accept a complete resolution of all matters arising from their marriage dissolution. This document is particularly relevant when parties wish to avoid prolonged litigation and prefer to settle their divorce matters through negotiation. It must comply with both federal legislation (primarily the Divorce Act) and applicable provincial family law statutes. The document typically includes detailed provisions for property division, support arrangements, custody if children are involved, and various other matters such as insurance, pensions, and tax considerations. A Global Settlement Offer Divorce agreement is most effectively used when both parties have completed full financial disclosure and have access to independent legal advice, as it aims to create a final, comprehensive, and binding resolution of all divorce-related issues.
