When it comes to separation agreements, it`s important to have all the necessary details laid out clearly and concisely. However, there may come a time when circumstances change and amendments need to be made to the original agreement. In this article, we`ll provide a sample separation agreement amendment to help guide you through the process.
First and foremost, it`s essential to understand what a separation agreement amendment is. A separation agreement amendment is a legal document that modifies specific terms and conditions in the original separation agreement. This document is usually created when there is a significant change in circumstances, such as one party getting a new job or the birth of a child.
Now, let`s take a look at a sample separation agreement amendment:
Separation Agreement Amendment between [Insert Name of Parties]
Date: [Insert Date]
This Separation Agreement Amendment is made and entered between [Insert Name of Party 1] and [Insert Name of Party 2] (collectively referred to as the “Parties”), who were parties to a Separation Agreement dated [Insert Date of Original Separation Agreement] (the “Original Agreement”).
WHEREAS, the Parties have determined that certain terms and conditions of the Original Agreement need to be modified in light of changing circumstances;
NOW, THEREFORE, in consideration of the mutual promises and agreements set forth herein, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
1. Section [Insert Section Number] of the Original Agreement is hereby deleted in its entirety and replaced with the following:
[Insert New Terms and Conditions]
2. This Amendment hereby incorporates all terms and conditions of the Original Agreement that are not modified by this Amendment.
3. All other provisions of the Original Agreement shall remain in full force and effect.
4. This Amendment may only be modified or amended by a subsequent written agreement executed by both Parties.
IN WITNESS WHEREOF, the Parties have executed this Separation Agreement Amendment as of the date first above written.
[Insert Signature of Party 1] [Insert Signature of Party 2]
[Insert Printed Name of Party 1] [Insert Printed Name of Party 2]
As you can see, the sample separation agreement amendment clearly states the original agreement`s date and the parties involved. It also outlines the reason for the amendment and the new terms and conditions that need to be inserted. Furthermore, the amendment specifies that all other provisions in the original agreement remain unchanged.
It`s important to note that a separation agreement amendment should always be in writing and signed by both parties. It`s also crucial to have a copy of the original separation agreement on hand when creating an amendment.
In conclusion, if you find yourself in a situation where you need to make changes to a separation agreement, it`s crucial to have a clear and concise amendment in place. By using the sample separation agreement amendment provided above, you can ensure that your amendment is legally sound and covers all the necessary details.