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To create an effective separation agreement, it is essential to follow specific principles. Firstly, be clear and specific when drafting the agreement, using plain language to avoid confusion. Secondly, create separate lists for personal property and household items to avoid disputes. Thirdly, include detailed financial information and avoid vague terms. Fourthly, consider future changes and disputes by including provisions for review and adjustment. Lastly, seek legal advice to ensure the agreement is legally binding and protects your rights.