Debts. They will not incur any debt or liability for which the other may be held responsible, including, but not limited to, further borrowing against any credit lines secured by the family residence, further encumbering of any assets, or using credit cards or cash advances, other than in the usual course of business consistent with past practice or for payment of usual and customary household expenses, reasonable expenses consistent with the past practice of the family, or for reasonable professional fees in connection with the Collaborative Process. Collaborative Attorneys. One Collaboratively trained attorney representing each party is required for participation in the Collaborative Process. The parties understand that each attorney has an ethical obligation to represent only his or her client and a duty to advise his or her client regarding the law and choices in this Process. Both of their attorneys may present them with a summary of the law on particular issues in the Collaborative meetings and in the presence of both of them. This Agreement does not give rise to any claims, contractual or otherwise, by one party against the attorney for the other party.
Appears in 6 contracts
Samples: Collaborative Participation Agreement, Collaborative Participation Agreement, Collaborative Participation Agreement
