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Mutual Consent Divorce Settlement Agreement
"I need a Mutual Consent Divorce Settlement Agreement for a childless couple married for 10 years, with focus on dividing a jointly-owned apartment in Mumbai and three bank accounts, to be filed in March 2025."
1. Parties: Details and identification of both spouses including full names, ages, addresses, and occupations
2. Background: Information about the marriage, including date and place of marriage, current living situation, and mutual decision to separate
3. Definitions: Definitions of key terms used throughout the agreement
4. Mutual Consent to Divorce: Express statement of mutual consent to dissolve the marriage and follow divorce proceedings
5. Date of Separation: Agreed date of separation and living arrangements post-separation
6. Financial Settlement: Complete details of financial settlements including one-time payments, monthly maintenance, and division of joint assets
7. Property Division: Distribution of movable and immovable properties between the parties
8. Mutual Release: Clause releasing both parties from future claims against each other
9. Legal Proceedings: Agreement regarding the filing and handling of divorce proceedings
10. Governing Law: Specification that the agreement is governed by Indian law
11. Severability: Clause stating that if any provision is found invalid, the rest of the agreement remains valid
12. Entire Agreement: Confirmation that this document represents the complete agreement between parties
13. Execution: Details of how and when the agreement is to be executed
1. Child Custody and Access: Required if the couple has children - details of custody arrangements, visitation rights, and decision-making responsibilities
2. Child Support: Required if there are children - details of financial support for children including education and healthcare
3. Alimony/Maintenance: Optional section for ongoing spousal support if agreed upon
4. Business Interests: Required if either party has business interests that need to be divided or addressed
5. Insurance Policies: Optional section dealing with life, health, or other insurance policies
6. Retirement Benefits: Required if there are pension or retirement benefits to be divided
7. Tax Provisions: Optional section addressing tax implications and responsibilities
8. Dispute Resolution: Optional section specifying method for resolving future disputes
9. Confidentiality: Optional section if parties wish to keep terms confidential
1. Schedule A - Assets and Liabilities: Detailed list of all assets and liabilities with their agreed distribution
2. Schedule B - Property Details: Specific details of immovable properties including ownership documents
3. Schedule C - Financial Accounts: List of all bank accounts, investments, and their agreed distribution
4. Schedule D - Personal Effects: List of personal items and their agreed distribution
5. Appendix 1 - Marriage Certificate: Copy of the marriage certificate
6. Appendix 2 - Property Documents: Copies of property ownership documents
7. Appendix 3 - Financial Statements: Recent financial statements of both parties
8. Appendix 4 - Child Care Plan: Detailed parenting plan if children are involved
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