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Divorce Settlement Agreement
"I need a Divorce Settlement Agreement for a high-net-worth couple in Lagos, Nigeria, with substantial international business interests and three minor children, with the settlement to take effect from March 2025."
1. Parties: Names, addresses, and details of both spouses entering into the agreement
2. Background: Details of the marriage, including date and place of marriage, current separation status, and reason for divorce
3. Definitions: Key terms used throughout the agreement
4. Effective Date and Jurisdiction: When the agreement takes effect and confirmation of the Nigerian court's jurisdiction
5. Dissolution of Marriage: Agreement to divorce and basis for dissolution
6. Division of Matrimonial Property: Detailed arrangement for division of all shared property and assets
7. Financial Settlement: Terms of financial settlement including lump sum payments and periodic payments
8. Debts and Liabilities: Allocation of responsibility for existing debts and financial obligations
9. Legal and Professional Costs: Agreement on how legal and professional fees will be handled
10. Full and Final Settlement: Clause confirming this as a complete settlement of all claims
11. Governing Law: Confirmation that the agreement is governed by Nigerian law
12. Severability: Provision ensuring rest of agreement remains valid if part is found unenforceable
13. Execution: Signing requirements and witness provisions
1. Child Custody and Access: Required when there are children from the marriage - details custody arrangements, visitation rights, and access schedules
2. Child Maintenance: Required when there are dependent children - specifies financial support arrangements for children
3. Spousal Maintenance: Used when ongoing spousal support is part of the settlement
4. Business Interests: Required when either party has business interests that need to be addressed
5. Pension and Retirement Benefits: Used when there are pension or retirement benefits to be divided
6. International Assets: Required when parties have assets in multiple countries
7. Religious Divorce: Required for couples who also need religious divorce documentation
8. Confidentiality: Optional clause for high-profile cases or when parties want privacy provisions
9. Future Dispute Resolution: Optional mechanism for resolving future disputes about the agreement
1. Schedule A - Property Inventory: Detailed list of all matrimonial property and agreed division
2. Schedule B - Financial Assets: List of all financial assets including bank accounts, investments, and securities
3. Schedule C - Personal Effects: Inventory of personal items and their agreed distribution
4. Schedule D - Child Custody Schedule: Detailed visitation and custody calendar if applicable
5. Schedule E - Child Maintenance Calculations: Detailed breakdown of child maintenance calculations and payment schedule
6. Appendix 1 - Marriage Certificate: Copy of the original marriage certificate
7. Appendix 2 - Property Valuations: Professional valuations of significant assets
8. Appendix 3 - Financial Disclosure: Both parties' financial disclosure statements
Authors
Legal Services
Financial Services
Real Estate
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Professional Services
Wealth Management
Private Client Services
Court Services
Legal
Family Law
Dispute Resolution
Private Client
Document Processing
Court Administration
Financial Advisory
Property Services
Compliance
Client Relations
Family Law Attorney
Legal Counsel
Divorce Lawyer
Mediator
Legal Associate
Family Court Judge
Court Registrar
Financial Advisor
Wealth Manager
Property Valuer
Legal Document Specialist
Family Law Paralegal
Settlement Officer
Professional Trustee
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