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Separation Agreement For Unmarried Couples
"I need a Separation Agreement For Unmarried Couples under Indian law for a 5-year live-in relationship involving joint property ownership and a shared business venture, with specific provisions for the division of our Mumbai apartment and our joint tech consultancy firm, targeting completion by March 2025."
1. Parties: Identification and details of both parties entering into the separation agreement
2. Background: History of the relationship, including cohabitation period and current living situation
3. Definitions: Clear definitions of key terms used throughout the agreement
4. Purpose of Agreement: Statement of mutual intent to separate and regulate future relations
5. Acknowledgment of Relationship Status: Confirmation of the nature of relationship and its termination
6. Division of Assets: Detailed arrangement for division of jointly owned or acquired property and assets
7. Financial Settlement: Terms of any financial settlements, including any maintenance arrangements
8. Mutual Release: Release of future claims against each other
9. Confidentiality: Terms regarding privacy and confidentiality of relationship and separation details
10. Governing Law: Specification that the agreement is governed by Indian law
11. Dispute Resolution: Process for resolving any future disputes regarding the agreement
12. Entire Agreement: Clause confirming this document represents the complete agreement between parties
13. Execution: Signing and witness requirements
1. Child Custody and Support: Used when the couple has children together, detailing custody, visitation, and support arrangements
2. Pets and Animals: Used when there are jointly owned pets to determine their custody and care
3. Business Interests: Used when the couple shares business interests or joint commercial ventures
4. Intellectual Property Rights: Used when there are joint intellectual property rights to be divided
5. Social Media and Digital Assets: Used to address handling of joint digital assets and social media matters
6. Future Communication: Used when specific communication protocols need to be established
7. Religious or Cultural Obligations: Used when specific religious or cultural aspects need to be addressed
8. Healthcare Arrangements: Used when there are ongoing healthcare responsibilities or insurance matters to resolve
1. Schedule A - Asset Inventory: Detailed list of all joint assets and their agreed values
2. Schedule B - Division of Household Items: Itemized list of household items and their allocated ownership
3. Schedule C - Financial Accounts: List of joint financial accounts and their disposition
4. Schedule D - Outstanding Debts: List of joint debts and liabilities and their allocation
5. Schedule E - Property Documents: Copies of property ownership documents and transfer arrangements
6. Appendix 1 - Proof of Cohabitation: Supporting documents proving the relationship and cohabitation
7. Appendix 2 - Financial Statements: Current financial statements of both parties
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