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Binding Financial Agreement After Separation
"I need a Binding Financial Agreement After Separation for a couple separating after 15 years of marriage, with the division of a family business, three properties in Malaysia, and joint investments to be completed by March 2025."
1. Parties: Identification and details of both parties to the agreement
2. Background: History of the relationship, date of separation, and context for the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Interpretation: Rules for interpreting the agreement, including governing law
5. Independent Legal Advice: Acknowledgment that both parties have received independent legal advice
6. Division of Assets: General principles and specific arrangements for division of matrimonial assets
7. Financial Obligations: Ongoing financial obligations and responsibilities of each party
8. Release and Indemnity: Mutual release of future claims and indemnification provisions
9. Implementation: Practical steps and timeline for implementing the agreement
10. Confidentiality: Provisions regarding confidentiality of the agreement and its terms
11. Dispute Resolution: Process for resolving any disputes arising from the agreement
12. General Provisions: Standard contractual provisions including severability and entire agreement clauses
1. Business Interests: Specific provisions for handling business assets and interests, used when either party owns or has interests in business entities
2. Overseas Assets: Provisions dealing with assets located outside Malaysia, included when parties have international assets
3. Intellectual Property: Provisions for handling intellectual property rights, used when relevant to either party
4. Future Inheritance: Provisions regarding expected inheritances, included when there are specific inheritance expectations
5. Taxation Arrangements: Specific provisions for handling tax implications, used when complex tax issues exist
6. Insurance Policies: Provisions regarding life, health, or other insurance policies, included when significant insurance assets exist
7. Joint Ventures: Provisions for handling joint business ventures, used when parties have joint business interests
1. Schedule A - Asset Schedule: Detailed listing of all assets owned by both parties, including values and proposed division
2. Schedule B - Liability Schedule: Detailed listing of all liabilities and debts, including responsibility for each
3. Schedule C - Bank Accounts: List of all bank accounts and their treatment under the agreement
4. Schedule D - Real Property: Detailed information about real estate properties and their disposition
5. Schedule E - Personal Property: List of significant personal property items and their allocation
6. Appendix 1 - Valuation Reports: Professional valuations of significant assets
7. Appendix 2 - Financial Statements: Relevant financial statements and documents
8. Appendix 3 - Legal Advice Certificates: Certificates from lawyers confirming independent legal advice
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