# Separation Agreement
**This Separation Agreement ("Agreement") is made and entered into as of [Date] ("Effective Date") by and between:**
**Party A:**
[Full Name]
[Address]
[City, State, Zip Code]
[Email Address]
[Phone Number]
**Party B:**
[Full Name]
[Address]
[City, State, Zip Code]
[Email Address]
[Phone Number]
**Collectively referred to as the "Parties."**
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## 1. Purpose
The Parties hereby agree to separate and resolve all matters pertaining to their relationship, both personal and, if applicable, financial.
## 2. Separation
The Parties agree that as of the Effective Date, they will live separately and apart. The Parties agree to conduct themselves in a respectful manner during this separation and to communicate openly regarding their obligations under this Agreement.
## 3. Division of Property
The Parties agree to equally divide their joint property as follows:
- **Real Property:**
[Describe the distribution of any real estate owned jointly or separately.]
- **Personal Property:**
[List specific personal items (furniture, vehicles, electronics, etc.) and their designated owner.]
- **Bank Accounts and Financial Assets:**
[Describe the division of any joint bank accounts, investments, or other financial assets.]
## 4. Financial Obligations
Each Party agrees to handle their respective debts incurred before the Effective Date. The Parties acknowledge the following obligations:
- **Party A's debts:**
[List any debts Party A is responsible for.]
- **Party B's debts:**
[List any debts Party B is responsible for.]
## 5. Support and Alimony
[If applicable, specify any support or alimony payments that one Party will make to the other, including the amount and payment schedule.]
## 6. Confidentiality
The Parties agree to maintain the confidentiality of the terms of this Agreement and any personal matters related to the other Party.
## 7. Dispute Resolution
In the event of any dispute arising from this Agreement, the Parties agree to resolve the matter first through mediation. If mediation is unsuccessful, the Parties may pursue arbitration or litigation as necessary.
## 8. Governing Law
This Agreement shall be governed by, and construed in accordance with, the laws of the State of [State].
## 9. Entire Agreement
This Agreement constitutes the entire understanding between the Parties and supersedes all prior negotiations, agreements, and understandings, whether written or oral.
## 10. Amendments
Any amendments to this Agreement must be made in writing and signed by both Parties.
## 11. Acknowledgment
By signing below, the Parties acknowledge that they have read, understood, and voluntarily agreed to the terms of this Separation Agreement.
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**IN WITNESS WHEREOF**, the Parties have executed this Separation Agreement as of the Effective Date.
**Party A:**
Signature: ______________________________
Name: [Full Name]
Date: ______________________________
**Party B:**
Signature: ______________________________
Name: [Full Name]
Date: ______________________________
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**Notary Public**
State of [State]
County of [County]
Subscribed and sworn to before me this _____ day of ____________, 20____.
Signature: ______________________________
Notary Public
My Commission Expires: _______________
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*This is a template document. It is advisable to consult with a legal professional to ensure compliance with applicable laws and personal circumstances.*