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Mutual Divorce Settlement Agreement
"I need a Mutual Divorce Settlement Agreement for a childless couple separating amicably in Ontario, with shared ownership of a house and two investment properties, plus division of retirement accounts, to be executed by March 2025."
1. Parties: Identifies the separating spouses and their current contact information
2. Background: Details of the marriage, date of separation, and confirmation that both parties seek an amicable dissolution
3. Definitions: Defines key terms used throughout the agreement
4. Living Separate and Apart: Confirms the parties' intention to live separately and details regarding separation date
5. Division of Matrimonial Property: Details how all marital assets and debts will be divided
6. Spousal Support: Specifies terms, amount, and duration of any spousal support payments
7. Release and Indemnity: Mutual release of future claims against each other's estates
8. Full and Final Settlement: Confirms this agreement represents the complete settlement between parties
9. Independent Legal Advice: Acknowledgment that both parties have received or had the opportunity to receive independent legal advice
10. Governing Law: Specifies that the agreement is governed by Canadian law
11. Severability: States that if any provision is found invalid, the remainder of the agreement remains in effect
12. Execution: Details about signing requirements and effective date
1. Child Custody and Access: Required if the couple has children under 18, detailing custody arrangements, visitation schedules, and decision-making responsibilities
2. Child Support: Required if there are dependent children, specifying payment amounts and terms according to Federal Child Support Guidelines
3. Education Expenses: Optional section for agreements regarding children's future education costs
4. Life Insurance: Terms requiring maintenance of life insurance policies to secure support obligations
5. Dispute Resolution: Procedures for resolving future disputes through mediation or arbitration
6. Pet Custody: Arrangements for pet ownership and care if applicable
7. Business Interests: Required if either party owns a business, detailing how business assets will be handled
8. International Assets: Required if there are assets in multiple jurisdictions
9. Religious Divorce: Required for couples who also need religious divorce procedures
1. Schedule A - Assets and Liabilities: Detailed list of all matrimonial assets and debts with agreed values
2. Schedule B - Property Division: Specific details of how each asset and debt will be divided or transferred
3. Schedule C - Parenting Schedule: Detailed custody and access schedule if children are involved
4. Schedule D - Support Calculations: Detailed calculations for child and/or spousal support amounts
5. Appendix 1 - Financial Statements: Current financial statements of both parties
6. Appendix 2 - Property Valuations: Professional valuations of significant assets such as real estate or businesses
7. Appendix 3 - Insurance Policies: Details of life insurance policies required under the agreement
8. Appendix 4 - Pension Information: Details of pension division and related calculations
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