Document background
The Full and Final Settlement Agreement Divorce is a crucial document in Canadian family law, typically prepared when divorcing spouses have reached agreement on all aspects of their separation and wish to formalize these terms in a legally binding document. It is used when parties have completed their financial disclosure, received independent legal advice, and are ready to conclusively settle all claims arising from their marriage. The agreement must comply with both federal legislation (primarily the Divorce Act) and provincial family law statutes. It serves multiple purposes: documenting the parties' agreements, preventing future claims, enabling property transfers, and establishing support obligations. This type of agreement is particularly important as it forms the basis for the divorce order and provides certainty and finality to both parties. The document should be drafted with careful attention to detail as it typically cannot be varied without significant cause, making it essential to address all current and foreseeable future issues.
