The personal property of the parties, which has not yet been shared between them, including, but not limited to, household furniture, clothing, collections, computer equipment and works of art, is distributed as follows: as you go through the process of separating from your companion, you have to make several difficult decisions, including how to allocate your property. If you need help establishing or verifying a makeshift transaction agreement or if you have other questions regarding the divorce process, it may be in your best interest to speak to an experienced divorce lawyer near you. An aggrieved party cannot recover from an action for breach if there has never been a contract. The firecracker theory can be applied in certain situations to allow at least some recovery if no contract has been concluded. Suppose a brother and sister promise his sister that he will share the inheritance money between them and the sister relies on that promise and builds an annex to her house while waiting for the money. Keep thinking that the promising siblings would not distribute the money later as he had promised. There is no contract here because there is no offer. There is no offer because the promising siblings did not ask for anything in exchange (counterpart) for the promise. The doctrine of the law of effect of the debt provides that a person who reasonably relies on a promise and thus suffers harm may receive money to compensate him for his loss. In this situation, a court could order the promising siblings to pay an amount equal to their sister`s construction costs. However, a court could not order promising siblings to fairly distribute inheritance money according to this theory. This act now attests that, in accordance with the agreement on the settlement of the family and taking into account the settlement concluded between the parties, the parties agree to respect, execute and convene the above-mentioned conditions.
All the conditions of the proposed agreement on the settlement of the family have been fully explained to all the signatory parties to this agreement on family comparisons, and the said signatories have considered and examined these conditions in consultation and have given their free consent without violence. Coercion and/or incitement….