Document background
The Binding Financial Agreement After Separation is a crucial legal document used in Indonesia when couples who are separating need to formalize their financial arrangements. It is prepared in accordance with Indonesian Marriage Law (UU Perkawinan), Civil Code (KUHPerdata), and relevant regulations, serving as a comprehensive framework for dividing assets, addressing liabilities, and establishing future financial obligations. This document becomes particularly important in complex separations involving substantial assets, business interests, or international elements. It must account for Indonesia's unique legal system that combines civil law, customary law (adat), and Islamic law (for Muslim couples), while ensuring all provisions are enforceable under local jurisdiction. The agreement typically requires independent legal advice for both parties and must be properly executed to be legally binding.
