The Global Settlement Agreement Divorce is utilized when divorcing parties in England and Wales have reached a mutual agreement on all aspects of their separation. This document is particularly crucial as it provides a detailed framework for the division of assets, financial arrangements, and family responsibilities. It's typically prepared after negotiations are complete but before the final divorce decree (Decree Absolute) is granted. The agreement covers everything from property division and pension sharing to maintenance arrangements and child care provisions, serving as a cornerstone document in divorce proceedings under English law.
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1. Parties: Details of both parties to the agreement including full names, addresses, and other identifying information
2. Background: Marriage history, separation details, divorce proceedings status, and context for the agreement
3. Definitions: Key terms and their meanings used throughout the agreement
4. Financial Settlement: Complete financial arrangements including property, assets, and liabilities division
5. Clean Break Provisions: Terms preventing future financial claims between the parties
6. Implementation: Timeframes and mechanisms for executing the agreement terms
7. Governing Law: Jurisdiction and applicable law (England and Wales)
1. Children Arrangements: Used when parties have children under 18, covering custody, access, maintenance and education arrangements
2. Pension Sharing: Detailed provisions for pension division and implementation of pension sharing orders
3. Business Interests: Provisions dealing with division or retention of business assets and ongoing obligations
4. International Assets: Specific provisions for dealing with overseas property and assets
1. Schedule 1: Asset Schedule: Comprehensive list of all matrimonial assets and their agreed values
2. Schedule 2: Property Schedule: Details of all real estate properties, associated mortgages and agreed dispositions
3. Schedule 3: Pension Schedule: Details of all pension arrangements and agreed sharing orders
4. Schedule 4: Children Schedule: Detailed arrangements for children including contact schedules and financial provisions
5. Schedule 5: Implementation Timeline: Detailed timeline of key dates and actions for implementing the agreement
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