Divorce Settlement Agreement Template for England and Wales

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Key Requirements PROMPT example:

Divorce Settlement Agreement

"I need a Divorce Settlement Agreement for a couple with two minor children, jointly owned property in London, and significant pension assets, where the husband will continue to pay maintenance for the children and spouse for 5 years from January 2025."

Document background
A Divorce Settlement Agreement is utilized when married couples in England and Wales decide to formalize their separation arrangements. This document becomes particularly crucial following the introduction of no-fault divorce under the Divorce, Dissolution and Separation Act 2020, as it provides a comprehensive framework for recording agreed terms. The agreement typically covers asset division, financial arrangements, pension sharing, and child arrangements where applicable. It serves as a foundation for court orders and helps prevent future disputes by clearly documenting all agreed terms between the parties.
Suggested Sections

1. Parties: Details of both spouses including full names, addresses, and occupations

2. Background: Marriage date, separation date, and relevant circumstances

3. Definitions: Key terms used throughout the agreement

4. Division of Assets: Detailed breakdown of how matrimonial assets will be divided

5. Financial Obligations: Ongoing financial responsibilities including maintenance

6. Clean Break Provisions: Terms preventing future financial claims

Optional Sections

1. Child Arrangements: Used when parties have children under 18, covering custody and access arrangements

2. Pension Sharing: Required when pension assets are to be divided

3. Business Interests: Needed when either party owns business assets

4. International Assets: Required when parties have assets in multiple jurisdictions

5. Future Sale of Property: When property sale is deferred to a future date

Suggested Schedules

1. Schedule of Assets: Comprehensive list of all matrimonial assets and their values

2. Property Schedule: Details of all real estate owned by either party

3. Pension Schedule: Details of pension arrangements and sharing orders

4. Child Arrangements Schedule: Detailed parenting plan and contact arrangements

5. Financial Disclosure Summary: Summary of both parties' financial positions

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Industries

Matrimonial Causes Act 1973: Primary legislation providing the fundamental framework for divorce, outlining grounds for divorce and setting out the court's powers regarding financial settlements

Divorce, Dissolution and Separation Act 2020: Modern legislation that introduced no-fault divorce in England and Wales (effective from April 2022), changed the divorce application process, and modified terminology and timeframes

Matrimonial and Family Proceedings Act 1984: Legislation governing powers of the court in financial remedy proceedings and jurisdiction issues

Family Law Act 1996: Covers property rights and occupation rights in matrimonial proceedings

Inheritance (Provision for Family and Dependants) Act 1975: Legislation dealing with inheritance rights and their impact post-divorce

Children Act 1989: Comprehensive legislation covering child arrangements, parental responsibility, and child maintenance in divorce cases

Child Support Act 1991: Specific legislation dealing with child maintenance calculations and enforcement provisions

Welfare Reform and Pensions Act 1999: Legislation covering pension sharing provisions and pension attachment orders in divorce settlements

Civil Partnership Act 2004: Legislation relevant for any converted civil partnerships in divorce proceedings

Human Rights Act 1998: Ensures compliance with human rights obligations in divorce proceedings and settlements

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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