The Mutual Consent Divorce Settlement Agreement is utilized when both parties agree to divorce and wish to formalize their settlement terms under England and Wales jurisdiction. This document becomes particularly relevant following the 2022 introduction of no-fault divorce, allowing couples to separate without assigning blame. The agreement comprehensively covers asset division, financial arrangements, pension sharing, and child custody where applicable. It serves as a foundation for the court's consent order and helps expedite the divorce process while maintaining legal compliance with the Matrimonial Causes Act 1973 and related legislation.
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1. Parties: Details of both spouses including full names, addresses, and occupations
2. Background: Marriage date, separation date, and current status of relationship
3. Definitions: Key terms used throughout the agreement
4. Property Division: Distribution of matrimonial home and other property assets
5. Financial Settlement: Details of financial arrangements including lump sums and periodic payments
6. Execution: Signing provisions and witness requirements
1. Child Arrangements: Details of custody, access, and financial arrangements for children under 18
2. Pension Sharing: Provisions for the division of pension assets between the parties
3. Business Interests: Arrangements for the division or handling of business assets and interests
4. International Assets: Provisions for dealing with overseas property and international assets
1. Schedule 1: Assets Schedule: Comprehensive list of matrimonial assets and their agreed values
2. Schedule 2: Property Details: Details of all properties owned including mortgages and equity
3. Schedule 3: Pension Information: Details of pension arrangements and sharing orders
4. Appendix A: Child Arrangements: Detailed parenting plan including custody and visitation schedules
5. Appendix B: Financial Disclosure: Summary of financial disclosure by both parties
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