Legal promise Sample Clauses
Legal promise. We understand that if either of us fails to pay the debts we have promised to pay, the other party may end up making that payment. If that happens, the party who should have paid promises to repay the other party, including any other extra costs caused by the failure to pay, such as attorney fees, late fees, and interest charged by the creditor.
Legal promise. Each of us makes the following legal promise: Our debts have been divided in a fair way. I will pay the debts listed under my name on the debt list. If I don't, my spouse may be forced to make that payment. I must pay back my spouse for that payment and other extra costs (like lawyer fees) spent by my spouse because I failed to pay. [ ] A. No spousal support. Each of us can support ourselves and neither will pay spousal support to the other. (Go on to Section 5.) [ ] B. Spousal support8. [ ] Husband [ ] Wife will pay spousal support to the other spouse for the following reason: (Choose A or B) [ ] A. $ per month on (date each month) for (period of time) or until the court says differently. [ ] B. Here is our other plan: [ ] A. The person paying the support will deduct the payments on [his] [her] income tax return. The person receiving the support will show the support as income on [his] [her] income tax return. The support will end if the person to receive the support dies. [ ] B. The person paying the support will not deduct the payments on [his] [her] income tax return. The person receiving the support will include the payment as income on [his] [her] income tax return.8
Legal promise. Each of us makes the following legal promise: Our debts have been divided in a fair way. I will pay the debts listed under my name on the debt list. If I don't, my spouse may be forced to make that payment. I must pay back my spouse for that payment and other extra costs, such as lawyer fees, spent by my spouse because I failed to pay.