Grounds to Set Aside Financial Agreement
Grounds to set aside financial agreement
When couples separate, they often enter into financial agreements to settle the division of property and assets. These agreements are meant to provide clarity and closure, but they are not always fair or legally binding. In some cases, one or both parties may wish to set aside the agreement and start over.
Here are some common grounds for setting aside a financial agreement:
1. Coercion or duress: If one party was coerced or forced into signing the agreement, it may be set aside. This can include physical threats, emotional manipulation, or even just extreme pressure.
2. Fraud or misrepresentation: If one party lied or concealed information or misrepresented facts that would have affected the other party`s decision to sign the agreement, it can be set aside. For example, if one party hid assets or income, or falsely claimed certain debts or obligations, the agreement may be invalid.
3. Unconscionability: If the terms of the agreement are grossly unfair or one-sided, it may be set aside. This can include situations where one party significantly benefited from the agreement while the other suffered disproportionate harm.
4. Lack of legal capacity: If one party did not have the legal capacity to enter into the agreement, it may be set aside. This can include situations where a party was under the influence of drugs or alcohol, or was experiencing mental health issues that affected their ability to understand the agreement.
5. Mistake: If there was a mistake in the agreement, it may be set aside. This can include situations where there was a typographical error, mathematical error, or other mistake that affected the terms of the agreement.
If you believe that your financial agreement should be set aside for any of these reasons, it is important to seek legal advice as soon as possible. An experienced family lawyer can help you understand your options, evaluate the strength of your case, and guide you through the process of seeking relief. With the right legal support, you can protect your rights and achieve a fair and just outcome.