Common use of – AGREEMENTS AND UNDERSTANDINGS: Clause in Contracts

– AGREEMENTS AND UNDERSTANDINGS:. We understand and agree: • We could each get an attorney to review this agreement. • This form was provided as a convenience and may NOT cover all issues. • This agreement may have tax consequences and that seeking tax advice is suggested. • We have each fully disclosed each of our income, debts, assets and liabilities to each other • Maintenance is deductible by the payer and taxable to the payee. • Child support is NOT deductible by the payer or taxable to the payee. • The parents agree that these legal custody and physical placement arrangements are in the best interests of the minor child(ren) at this time. • Any court order regarding child support, legal custody, or physical placement is not final and may be modified under an appropriate change of circumstances. • We must exchange annual financial information no later than [Date] , 20 each year. A party who fails to furnish the information as required by the court under this subsection may be proceeded against for contempt of court under ch. 785, Wis. Stats. • Whenever private, accessible and reasonably-priced health insurance becomes available to either parent at a reasonable cost, that parent shall enroll the child(ren) under the plan, unless the child(ren) are already enrolled under another private health insurance plan or unless the parent's income is below 150% of the federal poverty level. • Any court order regarding the division of property is final as of the date of the final hearing and can never be changed. • There are certain legal presumptions under Wisconsin law, such as: • Marital property should be divided 50/50. • Legal custody of minor children should be granted jointly to both parents. • A child born or conceived during the marriage is presumed to be Petitioner/Joint Petitioner A Respondent/Joint Petitioner B. Q. VOLUNTARY EXECUTION / NATURE OF AGREEMENT We assume equal responsibility for the entire content of this agreement. We have entered into this marital settlement agreement freely and voluntarily and not because of any undue influence. In some instances, the agreement represents a compromise of disputed issues. We believe the terms to be fair and reasonable under the circumstances. We acknowledge that there may be substantial legal and tax implications with regard to this agreement. We understand that lack of knowledge of the law may not be sufficient to convince the court that relief from these provisions is required. We acknowledge that each of us has the right to seek the advice of our own personal attorney. R. MUTUAL / GENERAL RELEASE We release each other from any claim of any nature that may exist. Neither of us may, at anytime hereafter, sue the other, or our heirs, personal representatives, and assigns, for the purpose of enforcing any or all of the rights relinquished and/or waived under this agreement. We agree that in the event any suit shall be commenced, this release, when pleaded, shall constitute a complete defense to any such claim or suit so instituted by the other party. We understand that this mutual and general release shall not become effective until this Marital Settlement Agreement is approved by the court.

– AGREEMENTS AND UNDERSTANDINGS:. We understand and agree: •  We could each get an attorney to review this agreement. •  This form was provided as a convenience and may NOT cover all issues. •  This agreement may have tax consequences and that seeking tax advice is suggested. •  We have each fully disclosed each of our income, debts, assets and liabilities to each other • other.  Maintenance is deductible by the payer and taxable to the payee. •  Child support is NOT deductible by the payer or taxable to the payee. •  The parents agree that these legal custody and physical placement arrangements are in the best interests of the minor child(renchild(xxx) at this time. •  Any court order regarding child support, legal custody, or physical placement is not final and may be modified under an appropriate change of circumstances. •  We must exchange annual financial information no later than [Date] , 20 each year. A party who fails to furnish the information as required by the court under this subsection may be proceeded against for contempt of court under ch. 785, Wis. Stats. •  Whenever private, accessible and reasonably-priced health insurance becomes available to either parent at a reasonable cost, that parent shall enroll the child(ren) under the plan, unless the child(ren) are already enrolled under another private health insurance plan or unless the parent's income is below 150% of the federal poverty level. •  Any court order regarding the division of property is final as of the date of the final hearing and can never be changed. •  There are certain legal presumptions under Wisconsin law, such as: •  Marital property should be divided 50/50. •  Legal custody of minor children should be granted jointly to both parents. •  A child born or conceived during the marriage is presumed to be PetitionerPetitioner’s/Joint Petitioner A RespondentA’s. Respondent’s/Joint Petitioner B. Q. VOLUNTARY EXECUTION / NATURE OF AGREEMENT We assume equal responsibility for the entire content of this agreement. We have entered into this marital settlement agreement freely and voluntarily and not because of any undue influence. In some instances, the agreement represents a compromise of disputed issues. We believe the terms to be fair and reasonable under the circumstances. We acknowledge that there may be substantial legal and tax implications with regard to this agreement. We understand that lack of knowledge of the law may not be sufficient to convince the court that relief from these provisions is required. We acknowledge that each of us has the right to seek the advice of our own personal attorney. R. MUTUAL / GENERAL RELEASE We release each other from any claim of any nature that may exist. Neither of us may, at anytime hereafter, sue the other, or our heirs, personal representatives, and assigns, for the purpose of enforcing any or all of the rights relinquished and/or waived under this agreement. We agree that in the event any suit shall be commenced, this release, when pleaded, shall constitute a complete defense to any such claim or suit so instituted by the other party. We understand that this mutual and general release shall not become effective until this Marital Settlement Agreement is approved by the courtB’s.

– AGREEMENTS AND UNDERSTANDINGS:. We understand and agree: •  We could each get an attorney to review this agreement. •  This form was provided as a convenience and may NOT cover all issues. •  This agreement may have tax consequences and that seeking tax advice is suggested. •  We have each fully disclosed each of our income, debts, assets and liabilities to each other •  Maintenance is deductible by the payer and taxable to the payee. •  Child support is NOT deductible by the payer or taxable to the payee. •  The parents agree that these legal custody and physical placement arrangements are in the best interests of the minor child(renchild(xxx) at this time. •  Any court order regarding child support, legal custody, or physical placement is not final and may be modified under an appropriate change of circumstances. •  We must exchange annual financial information no later than [Date] , 20 each year. A party who fails to furnish the information as required by the court under this subsection may be proceeded against for contempt of court under ch. 785, Wis. Stats. •  Whenever private, accessible and reasonably-priced health insurance becomes available to either parent at a reasonable cost, that parent shall enroll the child(ren) under the plan, unless the child(ren) are already enrolled under another private health insurance plan or unless the parent's income is below 150% of the federal poverty level. •  Any court order regarding the division of property is final as of the date of the final hearing and can never be changed. •  There are certain legal presumptions under Wisconsin law, such as: •  Marital property should be divided 50/50. •  Legal custody of minor children should be granted jointly to both parents. •  A child born or conceived during the marriage is presumed to be Petitioner/Joint Petitioner A Respondent/Joint Petitioner B. Q. VOLUNTARY EXECUTION / NATURE OF AGREEMENT We assume equal responsibility for the entire content of this agreement. We have entered into this marital settlement agreement freely and voluntarily and not because of any undue influence. In some instances, the agreement represents a compromise of disputed issues. We believe the terms to be fair and reasonable under the circumstances. We acknowledge that there may be substantial legal and tax implications with regard to this agreement. We understand that lack of knowledge of the law may not be sufficient to convince the court that relief from these provisions is required. We acknowledge that each of us has the right to seek the advice of our own personal attorney. R. MUTUAL / GENERAL RELEASE We release each other from any claim of any nature that may exist. Neither of us may, at anytime any time hereafter, sue the other, or our heirs, personal representatives, and assigns, for the purpose of enforcing any or all of the rights relinquished and/or waived under this agreement. We agree that in the event any suit shall be commenced, this release, when pleaded, shall constitute a complete defense to any such claim or suit so instituted by the other party. We understand that this mutual and general release shall not become effective until this Marital Settlement Agreement is approved by the court.

– AGREEMENTS AND UNDERSTANDINGS:. We understand and agree: • We could each get an attorney to review this agreement. • This form was provided as a convenience and may NOT cover all issues. • This agreement may have tax consequences and that seeking tax advice is suggested. • We have each fully disclosed each of our income, debts, assets and liabilities to each other • Maintenance is deductible by the payer and taxable to the payee. • Child support is NOT deductible by the payer or taxable to the payee. • The parents agree that these legal custody and physical placement arrangements are in the best interests of the minor child(ren) at this time. • Any court order regarding child support, legal custody, or physical placement is not final and may be modified under an appropriate change of circumstances. • We must exchange annual financial information no later than [Date] , 20 each year. A party who fails to furnish the information as required by the court under this subsection may be proceeded against for contempt of court under ch. 785, Wis. Stats. • Whenever private, accessible and reasonably-priced health insurance becomes available to either parent at a reasonable cost, that parent shall enroll the child(ren) under the plan, unless the child(ren) are already enrolled under another private health insurance plan or unless the parent's income is below 150% of the federal poverty level. • Any court order regarding the division of property is final as of the date of the final hearing and can never be changed. • There are certain legal presumptions under Wisconsin law, such as: • Marital property should be divided 50/50. • Legal custody of minor children should be granted jointly to both parents. • A child born or conceived during the marriage is presumed to be Petitioner/Joint Petitioner A Respondent/Joint Petitioner B. Q. VOLUNTARY EXECUTION / NATURE OF AGREEMENT We assume equal responsibility for the entire content of this agreement. We have entered into this marital settlement agreement freely and voluntarily and not because of any undue influence. In some instances, the agreement represents a compromise of disputed issues. We believe the terms to be fair and reasonable under the circumstances. We acknowledge that there may be substantial legal and tax implications with regard to this agreement. We understand that lack of knowledge of the law may not be sufficient to convince the court that relief from these provisions is required. We acknowledge that each of us has the right to seek the advice of our own personal attorney. R. MUTUAL / GENERAL RELEASE We release each other from any claim of any nature that may exist. Neither of us may, at anytime any time hereafter, sue the other, or our heirs, personal representatives, and assigns, for the purpose of enforcing any or all of the rights relinquished and/or waived under this agreement. We agree that in the event any suit shall be commenced, this release, when pleaded, shall constitute a complete defense to any such claim or suit so instituted by the other party. We understand that this mutual and general release shall not become effective until this Marital Settlement Agreement is approved by the court.