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Divorce Property Settlement Agreement
"I need a Divorce Property Settlement Agreement under Nigerian law for a couple with significant business interests in Lagos and Abuja, including provisions for the division of multiple properties and a family-owned restaurant chain, with the settlement to be implemented by March 2025."
1. Parties: Full legal names and addresses of both spouses, including any other identifying information required by Nigerian law
2. Background: Details of the marriage, including date and place of marriage, separation date, and pending divorce proceedings
3. Definitions: Definitions of key terms used throughout the agreement, including property categories, valuation dates, and other relevant terms
4. Purpose and Intent: Statement of the parties' intention to fairly divide their matrimonial property and settle all property claims
5. Full and Final Settlement: Declaration that this agreement represents a complete settlement of all property matters between the parties
6. Disclosure: Confirmation that both parties have made full and honest disclosure of all assets and liabilities
7. Division of Real Property: Detailed arrangements for the division or disposal of all real estate owned jointly or separately
8. Division of Personal Property: Distribution of personal effects, vehicles, furniture, and household items
9. Division of Financial Assets: Agreement on the division of bank accounts, investments, pensions, and other financial assets
10. Allocation of Debts: Assignment of responsibility for existing debts and liabilities
11. Implementation: Timeframes and procedures for implementing the property transfers and settlements
12. Governing Law: Specification that the agreement is governed by Nigerian law
13. Dispute Resolution: Process for resolving any disputes arising from the agreement
14. Execution: Signing requirements and witness provisions
1. Business Interests: Distribution of business assets and arrangements for business interests when one or both parties own businesses
2. Inheritance and Future Acquisitions: Treatment of future inheritances or assets acquired after separation but before divorce
3. Tax Considerations: Specific arrangements regarding tax implications of property transfers and responsibilities
4. Islamic Law Compliance: Additional provisions for couples married under Islamic law, ensuring compliance with Sharia principles
5. Customary Law Considerations: Specific provisions addressing customary law requirements where applicable
6. Maintenance Provisions: Optional maintenance arrangements tied to property settlement
7. Foreign Assets: Special provisions for handling property located outside Nigeria
8. Intellectual Property Rights: Division of intellectual property rights where applicable
1. Schedule A - Real Property: Detailed list of all real estate properties with legal descriptions, valuations, and allocation
2. Schedule B - Personal Property: Comprehensive inventory of personal property items and their agreed distribution
3. Schedule C - Financial Assets: List of all bank accounts, investments, pensions, and other financial assets with current values
4. Schedule D - Debts and Liabilities: Detailed list of all debts and liabilities with allocation responsibilities
5. Appendix 1 - Property Valuations: Professional valuations of significant assets
6. Appendix 2 - Title Documents: Copies of relevant property title documents and registration certificates
7. Appendix 3 - Financial Statements: Recent bank statements, investment accounts, and other financial documentation
8. Appendix 4 - Business Valuations: Professional valuations of business interests (if applicable)
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Divorce Mediator
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Court Registrar
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Real Estate Agent
Compliance Officer
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Customary Court Official
Sharia Court Judge
Property Rights Specialist
Estate Planning Advisor
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