Collaborative divorce is an extension of “divorce by mutual agreement”. It is a process in which lawyers of both the partners cooperate with each other and work together in order to help their respective clients reach a quick and amicable settlement.
As per family law, both the partners and their lawyers are required to sign a participatory agreement which states that in case a satisfactory settlement does not result from the process, the lawyers will pull out of the case. The role of lawyers is limited to participating in out of court negotiations. The retainers they charge are limited to this period.
What are the benefits of collaborative divorce?
Collaborative divorce is settled out of court. It is a commitment that everybody involved in the dispute makes to achieve a satisfactory outcome for both the parties. As a result, the divorce process becomes less traumatic.
In collaborative divorce, the estranged partners work together to reach an amicable end. As a result, the relationship between the partners does not sour further. It helps ensure both the parties stay emotionally liberated and start a new life without harboring negativity for each other.
Since lawyers from both the sides work as a team, you can make more informed and joint decisions and ensure transparency in the entire process.
Collaborative divorce allows you to solve the matter in a mutually respectful manner. If there are children involved, this would definitely be a great option forward since it makes it less emotionally traumatizing for them.
Collaborative divorce is an excellent provision within family law that creates a win-win situation for everybody involved in the dispute.