Global Settlement Agreement Divorce Template for New Zealand

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Key Requirements PROMPT example:

Global Settlement Agreement Divorce

"I need a Global Settlement Agreement Divorce under New Zealand law to finalize my divorce, including provisions for dividing our family home, joint investment portfolio, and arranging shared custody of our two children aged 8 and 10."

Document background
The Global Settlement Agreement Divorce is a crucial document in New Zealand family law, used when parties wish to formalize all aspects of their separation in a single, comprehensive agreement. It is particularly relevant when there are significant assets, business interests, or complex arrangements to be resolved. The agreement must comply with New Zealand legislation, including the Property (Relationships) Act 1976, Family Proceedings Act 1980, and Care of Children Act 2004 if children are involved. It typically includes detailed provisions for property division, financial settlements, and may cover child custody and support arrangements. Both parties must receive independent legal advice before signing, and the agreement must be properly executed to be legally binding. This document is often used as part of the divorce process in the New Zealand Family Court system and can help avoid lengthy court proceedings by establishing clear, mutually agreed terms for the separation.
Suggested Sections

1. Parties: Identification of both parties to the divorce settlement, including full legal names, addresses, and occupations

2. Background: Brief history of the marriage, including date of marriage, date of separation, and general context for the settlement

3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty

4. Acknowledgments: Statements confirming both parties have received independent legal advice and understand their rights

5. Relationship Property Division: Detailed arrangements for the division of relationship property, including the family home, vehicles, investments, and other assets

6. Debts and Liabilities: Division and responsibility for joint debts, mortgages, loans, and other financial obligations

7. Mutual Release: Provisions releasing each party from future claims relating to the marriage and property division

8. Disclosure: Confirmation that both parties have made full and frank disclosure of all assets and liabilities

9. Implementation: Timeframes and procedures for implementing the agreement's terms

10. Costs: Agreement on how legal and other costs related to the settlement will be paid

11. Governing Law: Confirmation that the agreement is governed by New Zealand law

12. Execution: Signature blocks and witnessing requirements compliant with New Zealand law

Optional Sections

1. Child Arrangements: Details of custody, access, and care arrangements for children - include when parties have children under 18

2. Child Support: Financial arrangements for child support, whether following statutory calculations or private agreement - include when parties have dependent children

3. Spousal Maintenance: Terms of any ongoing spousal maintenance arrangements - include when relevant to the parties' circumstances

4. Superannuation: Division of KiwiSaver and other retirement accounts - include when parties have such accounts

5. Business Interests: Arrangements for division or ongoing management of shared business interests - include when parties have business assets

6. Family Trust: Provisions relating to family trusts and trust property - include when parties have trust arrangements

7. Overseas Assets: Specific provisions for dealing with assets located outside New Zealand - include when parties have international assets

8. Protection Orders: Reference to any existing or new protection orders - include when domestic violence is a factor

9. Life Insurance: Arrangements regarding life insurance policies, especially where children are involved - include when relevant policies exist

Suggested Schedules

1. Schedule A - Asset Register: Comprehensive list of all relationship property assets with agreed values

2. Schedule B - Liability Register: List of all joint debts and liabilities with current balances

3. Schedule C - Distribution Schedule: Detailed breakdown of how assets and liabilities will be divided

4. Schedule D - Implementation Timeline: Timeline for various actions required under the agreement

5. Appendix 1 - Property Valuations: Professional valuations of major assets such as real estate

6. Appendix 2 - Financial Disclosure: Copies of financial statements, tax returns, and other relevant financial documents

7. Appendix 3 - Parenting Plan: Detailed parenting arrangements if children are involved

8. Appendix 4 - Business Valuations: Professional valuations of any business interests

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

Relevant legal definitions
Clauses
Relevant Industries

Legal Services

Family Law

Professional Services

Financial Services

Real Estate

Property Management

Business Services

Social Services

Relevant Teams

Legal

Family Law

Dispute Resolution

Document Processing

Court Administration

Client Services

Property Law

Mediation

Relevant Roles

Family Lawyer

Legal Executive

Divorce Attorney

Family Court Judge

Legal Secretary

Paralegal

Mediator

Family Law Specialist

Property Lawyer

Legal Counsel

Court Registrar

Settlement Conference Facilitator

Family Dispute Resolution Practitioner

Industries
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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