Common Contracts
1 similar Marital and Property Settlement Agreement contracts
IN THE COURT OF COMMON PLEAS OF LYCOMING COUNTY, PENNSYLVANIAMarital and Property Settlement Agreement • September 25th, 2020
This matter arises out of a divorce action filed on April 23, 2018. The parties entered into a marital and property settlement agreement on May 7, 2019, which is memorialized in a Memorandum of Understanding. Pursuant to the agreement, Plaintiff Husband was to receive fifty-five percent (55%) of the proceeds from the sale of the marital residence and Defendant Wife was to receive forty-five percent (45%) of the proceeds. See May 7, 2019 Memorandum of Understanding at page 3, lines 18-21. The parties further agreed that all reasonable expenses incurred to ready the home for sale would be divided equally between them, that any disputes would be resolved by the Court, and that the parties will reimburse one another through their respective proceeds from the sale of the residence. See May 7, 2019 Memorandum of Understanding at page 4, lines 1-8 and page 12, lines 18-22. The relevant language of the Memorandum of Understanding reads as follows:
