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Maintenance Settlement Agreement
"I need a Maintenance Settlement Agreement for monthly payments of SGD 2,500 to my ex-spouse, starting from March 2025, with provisions for annual cost of living adjustments and specific terms for medical expense coverage."
1. Parties: Details of the parties entering into the maintenance agreement
2. Background: Context and circumstances leading to the maintenance agreement
3. Definitions: Key terms used tHRoughout the agreement
4. Maintenance Terms: Core terms including amount, frequency, and method of payment
5. Duration: Period for which maintenance is to be paid
6. Payment Method: Specifics of how payments will be made
7. Governing Law: Specification of Singapore law as governing law
1. Variation Clause: Terms for varying the agreement when parties anticipate potential future changes in circumstances
2. Security Provision: Provisions for securing maintenance payments when there are concerns about payment compliance
3. Medical Expenses: Provisions for additional medical coverage when medical expenses are to be covered separately
1. Schedule of Payments: Detailed breakdown of payment amounts and dates
2. Schedule of Assets: List of relevant assets if security is provided
3. Proof of Income: Documentation of payer's income and financial capacity
4. Bank Account Details: Payment account information for both parties
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