Document background
The Post Divorce Settlement Agreement is utilized after a divorce has been granted in Canada to establish clear, legally binding terms for the ongoing relationship between former spouses. This document becomes necessary when divorced parties need to formalize arrangements regarding property division, support obligations, or modify existing divorce terms. It encompasses crucial elements such as asset distribution, spousal support, child custody and support (if applicable), tax considerations, and future dispute resolution mechanisms. The agreement must comply with both federal legislation (particularly the Divorce Act) and provincial family law requirements. It's especially important when circumstances have changed since the original divorce decree or when parties have reached new understandings about their post-divorce arrangements. This type of agreement helps prevent future disputes by clearly documenting all agreed-upon terms and conditions.
