Child Support Agreement Specifies child support payments and related financial obligations.
THIS CHILD SUPPORT AGREEMENT (hereinafter "Agreement") is entered into as of [Date], by and between Mr. JOHN DOE, residing at [Address] (hereinafter "Obligor") and Mrs. JANE DOE, residing at [Address] (hereinafter "Obligee") (collectively referred to as the "Parties") and shall be governed by and construed in accordance with the laws of the United States.
1.1. Payment Amount and Schedule
Obligor agrees to pay to Obligee as child support for the benefit of the child(ren) the amount of [Dollar Amount] per month (the "Child Support Payments"), payable in equal installments of [Dollar Amount] on the 1st and 15th day of each month (or the nearest business day), commencing on [Start Date] and continuing until the Termination Events set forth in Section 1.4 of this Agreement occur.
1.2. Method of Payment
All Child Support Payments shall be made by [Method of Payment], payable to the order of Obligee, and sent to [Address of Obligee or Designated Recipient].
1.3. Income Withholding Order
Both Parties acknowledge and agree that an Income Withholding Order may be issued and enforced in accordance with applicable law to automatically deduct the Child Support Payments from Obligor's income to ensure timely and consistent payment. Obligor shall cooperate in good faith with any actions necessary to effect such an order.
1.4. Termination Events
Child Support Payments shall continue until the occurrence of one of the following Termination Events with respect to each child: (a) the child attaining the age of majority under applicable state laws; (b) the child's marriage, emancipation, or legal adoption; (c) the child's death; (d) the child joining the military; or (e) such other event as the Parties may expressly agree in writing or as may be required by law.
2.1. Medical and Dental Insurance
[Party Responsible for Insurance] shall maintain medical and dental insurance covering the child(ren) under a policy that provides reasonably equivalent benefits to the current coverage or as otherwise agreed upon in writing by the Parties. [Party Responsible for Insurance] shall provide the other Party with a current insurance card and any necessary claim forms or documents within thirty (30) days of the execution of this Agreement and thereafter upon request by the other Party.
2.2. Unreimbursed Medical Expenses
Any unreimbursed medical, dental, vision, or mental health expenses reasonably incurred for the child(ren) that are not covered by insurance shall be shared equally by the Parties. The Party who incurs such an expense shall provide the other Party with a written notification and receipt of the expense within thirty (30) days, and the other Party shall reimburse the incurring Party for their share of the expense within thirty (30) days of receiving the written notification and receipt.
3.1. Changed Circumstances
If either Party experiences a material change in circumstances that affects the reasonableness of the Child Support Payments or other financial obligations under this Agreement, the Parties shall negotiate in good faith to modify the Agreement to accommodate the changed circumstances. Such modifications must be in writing, signed by both Parties, and incorporated by reference into this Agreement.
3.2. Review and Adjustment
The Parties agree to review the Child Support Payments and other financial provisions of this Agreement every two (2) years in light of the Parties' respective financial situations at that time and, if appropriate, make adjustments to the amounts and/or schedules established herein. Any adjustments agreed upon by the Parties shall be in writing, signed by both Parties, and incorporated by reference into this Agreement.
This Agreement shall be governed by and construed under the laws of the United States and the state in which the child(ren) primarily reside, without giving effect to conflicts of law principles. Any disputes arising under or in connection with this Agreement shall be resolved by binding arbitration to be held in the state where the child(ren) primarily reside in accordance with the rules of the American Arbitration Association, and judgment upon any award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof.
This Agreement, together with any written amendments or modifications hereto signed by both Parties, contains the entire understanding between the Parties concerning the subject matter hereof, and supersedes all prior negotiations, understandings, and agreements, whether oral or written. No amendment or waiver of any provision of this Agreement, or consent to any departure therefrom, shall be effective unless in writing and signed by both Parties, and then such amendment, waiver or consent shall be effective only in the specific instance and for the specific purpose for which given.
In this Child Support Agreement, you will see the following sections:
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