Global Settlement Offer Divorce Template for Singapore

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Key Requirements PROMPT example:

Global Settlement Offer Divorce

"Need a Global Settlement Offer Divorce document that includes division of our HDB flat, joint savings of $500,000, and arrangements for our two children aged 8 and 10, with shared custody but primary care to remain with me in Singapore."

Document background
The Global Settlement Offer Divorce document is utilized in Singapore divorce proceedings when parties seek to resolve their matrimonial matters tHRough negotiation rather than contested litigation. This document comprehensively addresses all aspects of the divorce settlement, including division of matrimonial assets, maintenance arrangements, and child custody matters where applicable. It is drafted in accordance with Singapore's Women's Charter and related legislation, serving as a formal proposal that, if accepted, can significantly expedite the divorce process and reduce legal costs. The document is particularly valuable when parties wish to maintain amicable relations and achieve a mutually acceptable resolution.
Suggested Sections

1. Parties: Details of both spouses involved in the settlement

2. Background: Marriage details, reason for divorce, and brief history

3. Definitions: Key terms used tHRoughout the agreement

4. Division of Matrimonial Assets: Detailed breakdown of asset division including property and finances

5. Maintenance Provisions: Terms for spousal and/or child maintenance

Optional Sections

1. Child Custody Arrangements: Details of custody, care and control, and access arrangements for children under 21

2. Business Interests: Division of business assets and interests when either party owns business assets

3. International Assets: Provisions for overseas property or investments when couple has assets in other jurisdictions

Suggested Schedules

1. Schedule A - Asset Inventory: Complete list of matrimonial assets and their values

2. Schedule B - Property Details: Details of all real estate properties and ownership arrangements

3. Schedule C - Child Care Schedule: Detailed visitation and care arrangements for children

4. Appendix 1 - Financial Disclosure: Financial statements and documentation from both parties

5. Appendix 2 - CPF Account Details: Details of CPF accounts and agreed divisions

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
Industries

Women's Charter (Chapter 353): Primary legislation governing marriage and divorce in Singapore, including provisions for division of matrimonial assets (Section 95), maintenance of spouse (Section 68), and maintenance of children (Section 69)

Guardianship of Infants Act (Chapter 122): Legislation governing custody and care arrangements for children, essential for determining parental rights and responsibilities in divorce settlements

Children and Young Persons Act (Chapter 38): Legislation focusing on child welfare and protection provisions, ensuring children's interests are protected during divorce proceedings

Central Provident Fund Act (Chapter 36): Legislation governing the division of CPF (Central Provident Fund) monies between divorcing parties

Supreme Court of Judicature Act: Legislation outlining procedural requirements and jurisdictional matters for family proceedings in Singapore courts

Matrimonial Assets: Consideration of division of all matrimonial assets including property, investments, and other joint acquisitions during marriage

Child Custody Arrangements: Considerations for custody, care and control, and access arrangements for children of the marriage

Maintenance Obligations: Requirements for both child and spousal maintenance, including quantum and duration

CPF Divisions: Specific considerations for the division of Central Provident Fund accounts and balances

Property Matters: Considerations for division of real estate properties, including the matrimonial home and other properties

Tax Implications: Tax considerations and implications arising from the divorce settlement and asset division

Insurance Policies: Considerations for the treatment of life, health, and other insurance policies in the settlement

Joint Debts and Liabilities: Arrangements for the settlement or division of joint debts and ongoing financial liabilities

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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