Relationship Settlement Agreement
I. Introduction
This Relationship Settlement Agreement ("Agreement") is entered into as of [DATE] by and between [YOUR NAME] ("PARTY A") and [PARTNER'S NAME] ("PARTY B"). The purpose of this Agreement is to establish mutually agreed terms for the termination of their shared interests and responsibilities.
II. Definitions
For purposes of this Agreement, the following terms are defined as follows:
Shared Property: any property, either physical or intellectual, that was acquired jointly by both parties during the term of their relationship.
Separate Property: any property that was owned individually by either party prior to the relationship or acquired by inheritances or gifts.
Financial Obligations: all debts and financial duties that were incurred jointly or individually by each party.
III. Terms of Settlement
The parties agree to the following terms to settle all mutual claims:
Division of Shared Property:
Assumption of Financial Obligations:
Living Arrangements:
Both parties agree that [YOUR NAME] will continue to reside at [PRIMARY RESIDENCE ADDRESS], while [PARTNER'S NAME] will move to [NEW RESIDENCE ADDRESS].
Disposition of Joint Accounts:
All joint bank accounts will be closed and the remaining balances will be equally divided between the parties as of [EFFECTIVE CLOSING DATE].
Each party will retain sole ownership over their respective personal accounts.
IV. Conflicts Resolution
In the event of a dispute arising out of this Agreement, parties will endeavor first to settle the conflict amicably through mutual negotiations. If unresolved, the conflict may be escalated to mediation before entering into litigation.
V. Child Custody (if applicable)
In the event of children from the relationship, custody arrangements will be as follows:
VI. Miscellaneous
Amendments: This Agreement may only be amended in writing signed by both parties.
Governing Law: This Agreement shall be governed by the laws of [STATE/COUNTRY].
Entire Agreement: This document represents the entire agreement between the parties and supersedes any previous communications or agreements.
VII. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first written above.
[YOUR NAME]
[SIGNATURE]
[DATE]
[PARTNER'S NAME]
[SIGNATURE]
[DATE]
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