A Final Divorce Agreement is used when divorcing couples in England and Wales have reached a settlement on all aspects of their separation. This comprehensive document details the division of assets, financial arrangements, pension sharing, and if relevant, child arrangements. It must comply with the Matrimonial Causes Act 1973 and recent reforms under the Divorce, Dissolution and Separation Act 2020. Once approved by the court, it becomes a binding court order that provides certainty and finality to both parties.
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1. Parties: Details of both parties to the divorce including full names, addresses and other identifying information
2. Background: Marriage date, separation date, divorce proceedings reference, and relevant background information
3. Definitions: Key terms used throughout the agreement including defined terms for assets, properties, and relevant concepts
4. Financial Settlement: Comprehensive terms for division of assets, property, and ongoing financial obligations between the parties
5. Clean Break Provisions: Terms preventing future financial claims between the parties and confirming the finality of the settlement
1. Child Arrangements: Details of custody, access, maintenance and other arrangements relating to children of the marriage
2. Pension Sharing: Specific provisions for the division of pension assets including implementation timeframes
3. Business Interests: Provisions dealing with the division or protection of business assets and ongoing business relationships
1. Schedule of Assets: Comprehensive list of all matrimonial assets with agreed values and division arrangements
2. Property Schedule: Detailed information about real estate properties including agreed valuations and transfer arrangements
3. Child Arrangements Schedule: Detailed schedule of contact arrangements, holidays, and special occasions regarding children
4. Pension Sharing Annex: Technical details and formal requirements for implementing pension sharing orders
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