A Separation Settlement Agreement is a crucial legal document used in Singapore when married couples decide to live separately without immediate divorce proceedings. This agreement provides a formal framework for managing the practical aspects of separation while maintaining legal marriage status. The document typically includes comprehensive provisions for asset division, financial settlements, maintenance arrangements, and child custody matters where applicable. Under Singapore law, particularly the Women's Charter, this agreement serves as a binding contract between the parties and can later form the basis for divorce proceedings if pursued. The agreement must comply with Singapore's legal requirements and is often drafted with legal counsel to ensure enforceability.
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1. Parties: Identification and details of both parties to the agreement
2. Background: Context of marriage, separation, and reason for agreement
3. Definitions: Key terms used tHRoughout the agreement
4. Division of Assets: Detailed breakdown of how matrimonial assets will be divided
5. Financial Settlement: Terms of financial settlement including lump sum payments if any
6. Mutual Release: Release of claims against each other
1. Child Custody and Access: Arrangements for custody, care and control of children, including visitation rights and decision-making authority
2. Maintenance Provisions: Terms of spousal and/or child maintenance, including payment amounts, frequency, and duration
3. CPF Division: Specific arrangements for the division of Central Provident Fund savings and investments
4. Business Interests: Provisions for the division or handling of shared business interests and assets
1. Schedule of Assets: Complete list of matrimonial assets and their agreed values
2. Schedule of Debts: List of joint and individual debts and their allocation between parties
3. Child Arrangements Schedule: Detailed visitation and custody schedule including holiday arrangements and special occasions
4. Property Transfer Documents: Supporting documents detailing the transfer of property ownership and associated terms
Relevant legal definitions
Agreement
Effective Date
Matrimonial Home
Matrimonial Assets
Joint Assets
Separate Property
Maintenance
Child Maintenance
Spousal Maintenance
CPF Account
Matrimonial Proceedings
Parties
Children of the Marriage
Care and Control
Access Rights
Confidential Information
Business Day
SGD
Governing Law
Force Majeure
Bank Account
Settlement Sum
Joint Debts
Separation Date
Legal Representatives
Working Day
Notice
Personal Effects
Household Contents
Investment Assets
Insurance Policies
Vehicle
Property
Enforcement Date
Effective Date
Matrimonial Home
Matrimonial Assets
Joint Assets
Separate Property
Maintenance
Child Maintenance
Spousal Maintenance
CPF Account
Matrimonial Proceedings
Parties
Children of the Marriage
Care and Control
Access Rights
Confidential Information
Business Day
SGD
Governing Law
Force Majeure
Bank Account
Settlement Sum
Joint Debts
Separation Date
Legal Representatives
Working Day
Notice
Personal Effects
Household Contents
Investment Assets
Insurance Policies
Vehicle
Property
Enforcement Date
Clauses
Recitals
Definitions
Asset Division
Financial Settlement
Property Transfer
Maintenance Obligations
Child Custody
Access Rights
CPF Arrangements
Confidentiality
Non-Disclosure
Tax Matters
Debt Allocation
Release of Claims
Further Assurance
Severability
Entire Agreement
Amendment
Governing Law
Dispute Resolution
Mediation
Legal Costs
Notice Requirements
Force Majeure
Binding Effect
Mutual Release
Insurance Policies
Vehicle Ownership
Business Interests
Investment Division
Bank Accounts
Personal Effects
Household Contents
Implementation Timeline
Representations and Warranties
Definitions
Asset Division
Financial Settlement
Property Transfer
Maintenance Obligations
Child Custody
Access Rights
CPF Arrangements
Confidentiality
Non-Disclosure
Tax Matters
Debt Allocation
Release of Claims
Further Assurance
Severability
Entire Agreement
Amendment
Governing Law
Dispute Resolution
Mediation
Legal Costs
Notice Requirements
Force Majeure
Binding Effect
Mutual Release
Insurance Policies
Vehicle Ownership
Business Interests
Investment Division
Bank Accounts
Personal Effects
Household Contents
Implementation Timeline
Representations and Warranties
Relevant Industries
Relevant Teams
Relevant Roles
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