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Domestic Relationship Agreement

Domestic Relationship Agreement Template for Australia

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Key Requirements PROMPT example:

Domestic Relationship Agreement

"I need a Domestic Relationship Agreement for a couple where one partner owns a successful business and significant property assets, while the other partner is about to leave their job to support the business full-time from March 2025; the agreement should protect both parties' interests and include clear provisions for business profit sharing."

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Document background
A Domestic Relationship Agreement is a formal contract used by de facto couples in Australia to document their agreed arrangements regarding property, financial matters, and other aspects of their relationship. This type of agreement is particularly important for couples who wish to establish clear terms about their property rights and financial arrangements either during their relationship or in the event of separation. The agreement must comply with the Family Law Act 1975 (Cth) and relevant state legislation, requiring independent legal advice for both parties. It typically includes details about existing assets and liabilities, financial responsibilities, property division principles, and various other arrangements specific to the couple's circumstances. The agreement can be made at any time during a de facto relationship and can be modified by mutual consent if circumstances change.
Suggested Sections

1. Parties: Identification and details of both parties entering into the agreement

2. Background: Context of the relationship and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Interpretation: Rules for interpreting the agreement, including governing law

5. Legal Advice: Acknowledgment of independent legal advice received by each party

6. Duration and Review: Term of the agreement and provisions for review or amendment

7. Property Rights: Treatment of existing property and future property acquisitions

8. Financial Arrangements: Day-to-day financial responsibilities and arrangements

9. Separation Provisions: Property division and financial arrangements in case of relationship breakdown

10. Dispute Resolution: Process for resolving disagreements under the agreement

11. Confidentiality: Obligations regarding privacy and confidentiality of the agreement

12. Termination: Circumstances and process for terminating the agreement

13. General Provisions: Standard contract clauses including severability, entire agreement, etc.

14. Execution: Signing provisions and attestation requirements

Optional Sections

1. Children: Arrangements regarding existing or future children (note: cannot be binding for future arrangements)

2. Pets: Arrangements for care and ownership of pets

3. Business Interests: Specific provisions for handling business assets and operations

4. Inheritance Rights: Provisions regarding inheritance and estate planning

5. Superannuation: Treatment of superannuation interests

6. Gifts and Loans: Treatment of gifts or loans from family members

7. Cultural or Religious Obligations: Specific provisions relating to cultural or religious practices

8. International Assets: Provisions for assets held outside Australia

9. Intellectual Property: Treatment of intellectual property rights

10. Social Media and Privacy: Agreements regarding social media usage and privacy

Suggested Schedules

1. Schedule A - Assets Schedule: Detailed list of all assets owned by each party at the time of agreement

2. Schedule B - Liabilities Schedule: Detailed list of all liabilities of each party at the time of agreement

3. Schedule C - Financial Disclosure: Complete financial disclosure by both parties

4. Schedule D - Certificates of Independent Legal Advice: Signed certificates from legal practitioners

5. Schedule E - Agreed Property Division: Agreed formula or method for property division upon separation

6. Schedule F - Business Assets: Detailed listing of business assets and agreed treatment

7. Appendix 1 - Valuation Reports: Professional valuations of significant assets

8. Appendix 2 - Superannuation Statements: Current superannuation statements for both parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions



































Clauses



































Relevant Industries

Legal Services

Financial Services

Real Estate

Professional Services

Family Services

Wealth Management

Private Banking

Property Management

Estate Planning

Insurance

Relevant Teams

Legal

Family Law

Private Client Services

Wealth Management

Property Services

Document Processing

Client Relations

Advisory Services

Dispute Resolution

Estate Planning

Relevant Roles

Lawyer

Family Law Specialist

Legal Partner

Legal Associate

Paralegal

Financial Advisor

Wealth Manager

Estate Planning Advisor

Property Manager

Relationship Manager

Private Banker

Family Court Registrar

Mediator

Legal Secretary

Conveyancer

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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