The divorce agreement template refers to an agreement which defines certain applicable terms and conditions over which two ex-partners agree while parting their ways after divorce. Generally, during a divorce, a lot of issues need to be resolved between the divorcing spouses and a divorce agreement does it all for them. It is important for both the parties to agree with the terms and conditions mentioned in the agreement and, since it is a legal document, one of the divorcing spouses can disagree with it. Divorce agreement templates provide a solution to any sort of potential disagreements likely to occur in the future between the ex-spouses. Such disagreements might include child custody issues, fair distribution of assets, spousal support or child support in case the divorcing spouses have a child together. It is important that both the spouses present their conditions in the agreement so that these issues must be resolved at the time of divorce.
Importance of Divorce Agreement
The divorce agreements can be made in a number of different formats depending on the types of issues that need to be resolved between the divorcing partners. It starts with the names and contact details of both of the divorcing spouses. Moreover, it includes the names and number of children they had together, if there are any. Alongside that, the details of all the assets that the divorcing spouses had together are listed in the divorce agreement template. Furthermore, the divorce agreement also clarifies about the division of those assets between the ex-partners. In case, one of the ex-partners wants to keep the asset that is indivisible, he/she has to pay the other his/her fair share of the property or, in other cases, the other spouse must approve and legally issue a statement that clearly states that the other partner can keep his/her share of the property. Finally, the divorce agreement is signed by both the divorcing spouses.
