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I have a friend that is working on an agreement and he is doing this on his own but she has hired a lawyer , there is a paragraph that states this, this agreement contains a spousal buy out as well.
Indemnities
14.3
A party who is under an obligation in this Agreement to reimburse or indemnify the other
will:
(1)
pay the other's expenses, damages or loss, including costs arising from the
party's obligation to reimburse or indemnify, and
(2)
indemnify the other from:
(a)
any amounts paid by him or
her with respect to the liability, plus interest
on the amount at
the post judgment interest rate per
year compounded
annually, and
(b)
actual legal fees and disbursements incurred by him or her.
Indemnification
14.4
In this Agreement, one party's indemnification of the other with respect to a debt will be
enforceable as a consent to judgment in favour of the party owed the indemnity and
against the party owing it
in the amount of the liability, plus the costs incurred to obtain
the judgment and enforce it
But further down it states this
16.13
Name and Mane will each pay their own solicitors fees for the preparation and negotiation and execution of this agreement
I have a friend that is working on an agreement and he is doing this on his own but she has hired a lawyer , there is a paragraph that states this, this agreement contains a spousal buy out as well.
Indemnities
14.3
A party who is under an obligation in this Agreement to reimburse or indemnify the other
will:
(1)
pay the other's expenses, damages or loss, including costs arising from the
party's obligation to reimburse or indemnify, and
(2)
indemnify the other from:
(a)
any amounts paid by him or
her with respect to the liability, plus interest
on the amount at
the post judgment interest rate per
year compounded
annually, and
(b)
actual legal fees and disbursements incurred by him or her.
Indemnification
14.4
In this Agreement, one party's indemnification of the other with respect to a debt will be
enforceable as a consent to judgment in favour of the party owed the indemnity and
against the party owing it
in the amount of the liability, plus the costs incurred to obtain
the judgment and enforce it
But further down it states this
16.13
Name and Mane will each pay their own solicitors fees for the preparation and negotiation and execution of this agreement
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