Cohabitation Separation Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Cohabitation Separation Agreement

"I need a Cohabitation Separation Agreement under Saudi law to divide extensive real estate holdings in Riyadh and Jeddah, including three commercial properties and shared business interests in a trading company, with completion targeted for March 2025."

Document background
The Cohabitation Separation Agreement in Saudi Arabia serves as a specialized legal instrument for resolving property and financial matters between parties who share ownership of assets. It's important to note that this document must be carefully structured to address only legally permissible matters under Saudi law and Sharia principles. The agreement is typically used when parties need to formally document the division of shared assets, financial obligations, and property rights. It includes detailed provisions for property allocation, financial settlements, and future obligations, all while ensuring compliance with local legal requirements. The document should be prepared with guidance from legal professionals familiar with Saudi Arabian law to ensure enforceability and proper adherence to local regulations.
Suggested Sections

1. Parties: Identification of the individuals entering into the agreement

2. Background: Factual context explaining the existence of shared assets and need for separation, carefully worded to comply with local laws

3. Definitions: Key terms used throughout the agreement

4. Property Division: Detailed allocation of real estate and physical property between parties

5. Financial Settlement: Terms of any financial settlements or payments between parties

6. Confidentiality: Obligations to maintain privacy regarding the agreement and its terms

7. Dispute Resolution: Process for resolving any disagreements about the agreement's implementation

8. Governing Law: Confirmation that Saudi law governs the agreement

9. Execution: Signature requirements and effective date

Optional Sections

1. Business Interests: Section addressing division of any shared business assets or interests, if applicable

2. Debt Allocation: Distribution of responsibility for any shared debts or financial obligations

3. Personal Effects: Detailed division of personal items and belongings, if needed

4. Tax Considerations: Addressing any tax implications of the property division

5. International Assets: Special provisions for assets located outside Saudi Arabia

6. Future Claims: Waiver of future claims against each other's assets

7. Language: Specification of prevailing language if agreement is in multiple languages

Suggested Schedules

1. Schedule A - Property Inventory: Comprehensive list of all properties being divided

2. Schedule B - Financial Assets: List of bank accounts, investments, and other financial assets

3. Schedule C - Valuation Reports: Independent valuations of significant assets

4. Schedule D - Payment Schedule: Timeline and terms of any financial settlements

5. Appendix 1 - Property Documents: Copies of relevant property ownership documents

6. Appendix 2 - Legal Authorizations: Any required legal permissions or authorizations

7. Appendix 3 - Asset Photos: Photographic documentation of significant physical assets

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Relevant Industries

Legal Services

Real Estate

Financial Services

Property Management

Wealth Management

Professional Services

Consulting Services

Islamic Finance

Relevant Teams

Legal

Compliance

Risk Management

Real Estate

Finance

Property Administration

Document Management

Advisory Services

Relevant Roles

Legal Counsel

Property Lawyer

Sharia Law Consultant

Real Estate Manager

Financial Advisor

Wealth Manager

Legal Document Specialist

Compliance Officer

Risk Management Officer

Property Valuation Expert

Islamic Finance Specialist

Contract Administrator

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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