A Divorce Agreement Contract is essential when couples in England and Wales decide to formally end their marriage through legal proceedings. This document serves as a comprehensive settlement agreement that addresses all aspects of the divorce, including asset division, financial arrangements, and child custody matters where applicable. The agreement must conform to current legislation, particularly the Matrimonial Causes Act 1973 and the Divorce, Dissolution and Separation Act 2020, which introduced no-fault divorce. It provides certainty and clarity for both parties and forms the basis for the court's final order.
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1. Parties: Identification and details of both parties to the divorce
2. Background: Marriage details, separation date, and reasons for divorce
3. Definitions: Key terms used throughout the agreement
4. Division of Assets: How marital property and assets will be divided
5. Financial Arrangements: Details of any maintenance payments or financial settlements
6. General Provisions: Standard contract clauses including governing law and jurisdiction
1. Children Arrangements: Details of custody, access, and maintenance for children (used when the marriage involves children under 18)
2. Pension Arrangements: Division of pension assets (used when either party has pension assets to be divided)
3. Business Interests: Division of business assets and arrangements (used when either party owns business interests)
4. Property Arrangements: Specific arrangements for real estate (used when there is shared property to be divided)
1. Schedule 1: Asset Register: Detailed list of all assets to be divided
2. Schedule 2: Property Details: Details of any real estate including valuations
3. Schedule 3: Children's Arrangements: Detailed parenting plan and contact arrangements
4. Appendix A: Financial Disclosure: Full financial disclosure from both parties
5. Appendix B: Pension Valuations: Professional valuations of pension assets
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