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Old 02-09-2012, 07:03 PM
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2. Of any claims and demands of every nature and kind which he or she now has or may hereafter acquire against the other for support, whether under the Family Law Act under presently existing legislation or future legislation whether in this jurisdiction or any other jurisdiction. The parties acknowledge that each will be deemed to be self-supporting and not in need of support from the other. This release and this paragraph may be pleased as a complete defence to any claim brought by either party to assert a claim for support. The parties realize that there may be future changes in their financial circumstances by reason of their health, the cost of living, their employment, financial mismanagement, financial reversals, inheritance or otherwise. No change whatsoever, even if it be material, profound, catastrophic or otherwise, will give either party the right to claim or obtain support from the other pursuant to the Family Law Act, or any other statute or law.

Wife acknowledges that the payment referred to above is made for the purposes of fully and finally settling and compromising all possible claims in property division or support that she might have in consideration of the payment being made. In the event that Wife hereafter makes any claim or demand or commence or threaten to commence any action, claim or proceeding or to make any complaint against Husband in this respect, this release may be raised as an estoppel and complete bar to any such action, claim or proceeding.

It is understood and agreed that the payment referred to above is made on a without-prejudice basis and shall not be deemed to be an admission of liability, which is denied.

Notwithstanding the above, the parties agree that child support for the benefit of the child shall be continued to be paid in accordance with the FLA guidelines and the parties hereto covenant and agree that they shall work together, in good faith, towards finalizing, executing and implementing a custody agreement for shared parenting of the said child.

Dated/Signed/Witnessed: Husband / Wife
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Old 02-09-2012, 07:05 PM
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I'm not so great on the shared parenting 50/50 stuff, because we don't do that, but perhaps some other posters here who are in shared parenting can beef that paragraph up to make it flow.
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