In order for a financial agreement to be legally binding it is necessary for both parties to:
receive independent legal advice
receive a certificate confirming the party understands the advantages and disadvantages of entering into the proposed financial agreement
enter into the agreement freely, without fraud, duress, or undue influence
fully disclosure all income, assets, and liabilities
Streamlined Agreements signing process:
Party One has reviewed the financial agreement and has agreed to the terms of the agreement.
Party Two has reviewed the financial agreement and has agreed to the terms of the agreement.
The financial agreement is in final form.
Party One Solicitor Statement of Advice has been signed by Party One Solicitor.
Party Two Solicitor Statement of Advice has been signed by Party Two Solicitor.
Party One Solicitor will initiate the Signing Process in the Streamlined Agreements Platform.
The agreement signing will progress through the agreement signing order.
The agreement signing process will either be cancelled to make any amendments or be successfully completed.
The agreement is stored within the Streamlined Agreements Platform.
The agreement is stored in Party One Streamlined Agreements account for easy access.
The agreement is stored in Party Two Streamlined Agreements account for easy access.
