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Divorce Property Settlement Agreement
"I need a Divorce Property Settlement Agreement under Saudi law for a high-net-worth couple with international business interests, multiple properties across Saudi Arabia and the UAE, and significant investment portfolios that need to be divided."
1. Parties: Identification of both spouses including full legal names, national ID numbers, and current addresses
2. Background: Brief history of marriage, date of marriage, date of divorce (if already divorced), and general context for the settlement
3. Definitions: Definitions of key terms used throughout the agreement, including Islamic terms relevant to property division
4. Acknowledgment of Divorce Status: Confirmation of divorce status or intention to divorce, including reference to divorce certificate if applicable
5. Mahr Settlement: Details of any outstanding mahr (dowry) payments and how they will be handled
6. Division of Real Property: Detailed allocation of real estate assets between parties
7. Division of Personal Property: Distribution of personal belongings, vehicles, jewelry, and household items
8. Financial Assets: Division of bank accounts, investments, and other financial assets
9. Business Interests: Settlement of any shared business interests or investments
10. Debts and Liabilities: Allocation of responsibility for existing debts and financial obligations
11. Tax Implications: Handling of any tax consequences arising from the property settlement
12. Implementation Timeline: Schedule for executing the various aspects of the settlement
13. Dispute Resolution: Process for resolving any future disputes regarding the settlement
14. Governing Law: Confirmation that the agreement is governed by Saudi Law and Sharia principles
15. Execution: Signature requirements and witnessing provisions
1. Children's Property: Section addressing property held in trust for children, used when there are minor children involved
2. International Assets: Special provisions for assets located outside Saudi Arabia, included when parties have foreign properties
3. Intellectual Property Rights: Division of intellectual property assets, included when relevant to either party
4. Future Inheritance Rights: Waiver or preservation of future inheritance rights, included when parties wish to address potential future inheritances
5. Business Continuation Agreement: Detailed arrangements for continuing business relationships, included when parties share business interests
6. Digital Assets: Division of digital assets and cryptocurrencies, included when parties own such assets
7. Family Gifts: Treatment of gifts received from family members during marriage, included when significant family gifts are involved
8. Retirement Benefits: Division of retirement accounts and pension benefits, included when applicable
1. Schedule A - Real Estate: Detailed inventory of all real estate properties including legal descriptions and valuations
2. Schedule B - Personal Property: Comprehensive list of personal property items and their agreed values
3. Schedule C - Financial Accounts: List of all bank accounts, investments, and financial assets with account details
4. Schedule D - Business Assets: Detailed description of business interests and their agreed valuations
5. Schedule E - Debts and Liabilities: Complete list of all debts and financial obligations
6. Schedule F - Documents: List of all relevant legal documents including property deeds, vehicle registrations, etc.
7. Appendix 1 - Property Valuations: Professional valuations of major assets
8. Appendix 2 - Legal Certifications: Copies of required legal certifications and authentications
9. Appendix 3 - Court Orders: Copies of relevant court orders or judicial decisions
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