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Marital Settlement Agreement
"I need a Marital Settlement Agreement under Nigerian law for a high-net-worth divorce involving multiple business interests, international properties, and significant investment portfolios, with completion required by March 2025."
1. Parties: Identification of both spouses including full legal names, addresses, and occupation
2. Background: Brief history of the marriage, including date and place of marriage, separation date, and current status
3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty
4. Purpose of Agreement: Statement of intention to settle all matrimonial matters and live separately
5. Mutual Release: Agreement that each party releases the other from future claims
6. Division of Property: Detailed arrangement for division of matrimonial property, including real estate and personal property
7. Financial Arrangements: Terms of any ongoing financial support, including spousal maintenance
8. Child Custody and Access: Arrangements for custody, care, and control of children, including visitation schedules
9. Child Maintenance: Financial arrangements for children's support and education
10. Tax Provisions: Agreement on handling tax matters and liabilities
11. Dispute Resolution: Process for resolving future disputes relating to the agreement
12. Governing Law: Specification that Nigerian law governs the agreement
13. Execution: Signing requirements and declaration of voluntary execution
1. Business Interests: Details of division or handling of any shared business interests or companies
2. International Assets: Provisions for assets located outside Nigeria
3. Religious Considerations: Special provisions related to religious aspects of divorce, if applicable
4. Medical Insurance: Arrangements for continued medical coverage for spouse or children
5. Educational Arrangements: Detailed provisions for children's education if specific arrangements are needed
6. Pension and Retirement Benefits: Division of pension rights and retirement benefits if applicable
7. Life Insurance: Requirements for maintaining life insurance policies for benefit of children or ex-spouse
8. Inheritance Rights: Waiver or specification of future inheritance rights
9. Confidentiality: Privacy provisions regarding terms of settlement and personal matters
1. Schedule A - Real Property: Detailed list and description of all real estate properties and their agreed disposition
2. Schedule B - Personal Property: Inventory of personal property and items with significant value
3. Schedule C - Financial Accounts: List of all bank accounts, investments, and their agreed division
4. Schedule D - Debts and Liabilities: Comprehensive list of all debts and responsibilities for payment
5. Schedule E - Child Access Schedule: Detailed visitation and access schedule including holidays and special occasions
6. Schedule F - Child Expenses: Breakdown of children's expenses and cost sharing arrangements
7. Appendix 1 - Marriage Certificate: Copy of official marriage certificate
8. Appendix 2 - Asset Valuations: Professional valuations of significant assets
9. Appendix 3 - Court Orders: Copies of any relevant court orders or interim arrangements
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