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Remove Option Choice into the Business Separation Agreement

Remove Option Choice into the Business Separation Agreement

Aug 6th, 2022

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How to Remove Option Choice into the Business Separation Agreement

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44 votes

hi team laura here in this video im going to answer the question what are our options to make our financial separation agreement official an official agreement means that it is legally recognised binding an enforceable there are two ways you and your partner can make your financial separation agreement official option a is a binding financial agreement and option b is a financial consent order you might be wondering whats the difference between the two well with option a a binding financial agreement it goes nowhere near the court for approval it is a private agreement between you and your partner and your two lawyers you and your partner are both required to have independent legal advice to enter into the agreement this means two sets of legal fees and the process can take longer because there may be back and forth between the lawyers people generally find that option b being the financial consent order is faster cheaper and easier a financial consent order involves four steps step

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