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Divorce Property Division Agreement
"I need a Divorce Property Division Agreement for an Indonesian couple where one spouse owns multiple businesses in Jakarta and Bali, and they have joint properties in both Indonesia and Singapore; the agreement needs to be completed before March 2025 and should include specific provisions for ongoing business management during the transition."
1. Parties: Identification of both spouses, including full legal names, addresses, and national ID numbers
2. Background: Brief history of the marriage, date of separation, and reference to divorce proceedings
3. Definitions: Key terms including harta bersama (joint marital property), harta bawaan (individual property), and other relevant legal terms
4. Joint Property Declaration: Comprehensive listing and categorization of all joint marital property (harta bersama) acquired during marriage
5. Individual Property Declaration: Declaration of pre-marriage assets (harta bawaan) and inherited/gifted properties of each spouse
6. Property Division Principles: Agreed principles for division of joint property, typically following the 50:50 principle under Indonesian law
7. Implementation Method: Specific mechanisms and timeline for executing the property division
8. Tax Considerations: Agreement on handling any tax implications arising from the property division
9. Dispute Resolution: Process for resolving any disagreements about property division implementation
10. Governing Law: Confirmation of Indonesian law as governing law and relevant jurisdiction
11. Execution: Signing requirements and formal execution provisions
1. Business Interests: Section for couples who own business interests together, detailing division or buyout arrangements
2. Overseas Assets: Special provisions for couples with property or assets located outside Indonesia
3. Religious Property Considerations: Additional provisions for Muslim couples following Islamic law requirements
4. Debt Division: Specific arrangements for division of joint debts and liabilities
5. Children's Property Trust: Provisions for property held in trust for children of the marriage
6. Intellectual Property Rights: Division of any intellectual property acquired during marriage
7. Future Asset Discovery: Provisions dealing with subsequently discovered assets
1. Schedule A - Real Estate Properties: Detailed list of all real estate properties with legal descriptions and ownership status
2. Schedule B - Movable Assets: Inventory of vehicles, furniture, and other significant movable assets
3. Schedule C - Financial Assets: List of bank accounts, investments, and other financial instruments
4. Schedule D - Business Assets: Details of business ownership and valuation reports
5. Schedule E - Individual Property Evidence: Documentation proving individual ownership of pre-marriage assets
6. Schedule F - Valuation Reports: Professional valuations of significant assets
7. Appendix 1 - Required Legal Documents: Copies of marriage certificate, divorce petition, and other relevant legal documents
8. Appendix 2 - Property Photographs: Visual documentation of significant physical assets
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