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Amicable Separation Agreement
"Need an Amicable Separation Agreement for a couple married for 15 years, with shared property in Mumbai and Delhi; agreement should include division of these properties and joint investments, with separation to take effect from March 1, 2025."
1. Parties: Identification and details of both spouses entering into the separation agreement
2. Background: Brief history of the marriage, date of marriage, current living situation, and reasons for separation
3. Definitions: Definitions of key terms used throughout the agreement
4. Date of Separation: Official date from which the separation takes effect
5. Living Arrangements: Details of who will live where and arrangements for the matrimonial home
6. Financial Arrangements: Division of financial assets, bank accounts, and ongoing financial responsibilities
7. Property Division: Division of both movable and immovable property between the parties
8. Maintenance and Support: Details of any maintenance or alimony arrangements between the parties
9. Mutual Release of Claims: Agreement by both parties to release future claims against each other
10. Confidentiality: Terms regarding the confidentiality of the agreement and the parties' private affairs
11. Governing Law: Specification that the agreement is governed by Indian law
12. Dispute Resolution: Process for resolving any future disputes regarding the agreement
13. Modification: Terms for how the agreement can be modified in the future
14. Severability: Clause ensuring that if any part of the agreement is found invalid, the rest remains in force
1. Child Custody and Support: Required if the couple has children - details custody arrangements, visitation rights, and child support
2. Pets and Animals: Include if there are pets to be considered in the separation
3. Business Interests: Required if the couple has joint business interests that need to be divided
4. Religious Ceremonies: Include if specific religious customs need to be addressed regarding the separation
5. Insurance Policies: Include if there are joint insurance policies that need to be addressed
6. Intellectual Property Rights: Include if there are joint intellectual property rights to be divided
7. Future Family Events: Include if there's a need to address attendance at future family events or celebrations
8. Tax Arrangements: Include if specific tax implications need to be addressed
1. Schedule A - Asset List: Detailed inventory of all assets owned by both parties
2. Schedule B - Property Details: Detailed description and documentation of all immovable properties
3. Schedule C - Financial Accounts: List of all bank accounts, investments, and financial instruments
4. Schedule D - Personal Effects: List of personal items and their agreed distribution
5. Schedule E - Debts and Liabilities: List of all joint and individual debts and their allocation
6. Appendix 1 - Marriage Certificate: Copy of the marriage certificate
7. Appendix 2 - Property Documents: Copies of property ownership documents
8. Appendix 3 - Financial Statements: Recent financial statements and tax returns
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