A Private Divorce Agreement serves as a comprehensive settlement document between divorcing spouses in the United States. This contract type is particularly useful when parties wish to negotiate and settle divorce terms amicably without extensive court intervention. The agreement typically addresses property division, spousal support, child custody and support (if applicable), debt allocation, and other relevant matters. While the document must comply with state-specific divorce laws, it offers flexibility for parties to create customized arrangements that suit their unique circumstances. Once approved by the court, it becomes part of the final divorce decree.
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1. Parties: Identification of both spouses with full legal names and addresses
2. Background: Marriage date, separation date, and basic facts about the marriage
3. Definitions: Key terms used throughout the agreement
4. Property Division: Distribution of marital assets and debts
5. Mutual Release: Waiver of future claims against each other
6. Governing Law: Specification of state law governing the agreement
1. Child Custody and Support: Terms for custody, visitation, and financial support of minor children - required if there are children under 18
2. Spousal Support: Terms of alimony or maintenance payments between parties - included when one party will provide financial support to the other
3. Business Interests: Division of business assets and operations - included when couple owns business together
4. Retirement Accounts: Division of retirement benefits and pension plans - included when there are retirement accounts to divide
1. Schedule A - Property Division: Detailed inventory and allocation of marital assets
2. Schedule B - Debt Division: Detailed inventory and allocation of marital debts
3. Schedule C - Child Support Calculations: Worksheet showing detailed child support calculations as per state guidelines
4. QDRO Forms: Qualified Domestic Relations Orders for division of retirement accounts
5. Parenting Plan: Comprehensive schedule for custody, visitation, and co-parenting arrangements
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