If you plan to buy a property with another person, you can use one minute of the agreement to show exactly who owns what share of the house. Let us guide you through the process of creating a minute`s agreement. Our highly qualified and experienced family law specialists take the time to understand your particular situation and inform you of your right to assets during separation, talk to you about available options and options, negotiate a transaction and design the agreement on your behalf. A separation agreement is a legally binding document on which you and your ex-partner agree. It can be applied in the same way as a court order, and covers things like: If you separate, there will be many issues that need to be resolved. Childcare agreements, payment of mortgages and other management bills, asset sharing and debt management are just some of the typical issues that couples have to solve. Here are some of the frequently asked questions that people who are going through a separation have and what you need to know about them. A minute`s agreement, also known as the Separation Agreement, is a flexible and powerful instrument that can address almost any family issue. There are many situations where it makes more sense to make a minute of the agreement, as it can offer a more precise reflection on who owns what share of the property. If two or more people register in Scotland as owners of a property, it looks like it has an equal share. However, in many situations, this will not be the case. A formal separation agreement or “minute of agreement” is a legally binding document that defines what a separation couple has agreed.
Because everything you want to include in your “minute of agreement” is legally binding. You can use a “minute of agreement” if you and your ex-partner are considering divorcing or dissolving your life partnership, and: One minute of the agreement is a written document prepared by two or more people, which defines the terms to which the parties have agreed. Once the document is registered, the provisions can be invoked in the Scottish courts in the event of a future dispute. They can also be registered in other parts of the UK and Europe, giving them the same legal value.