or may become personally liable or that could be enforced at any time against an asset
held or to be received under this Agreement by the other Spouse, that warrantor shall
fully indemnify the other with respect to the obligation, including, but not limited to, any
and all liability on the obligation, attorney fees, and related costs. This provision shall
not be deemed to impair the availability, in a court of competent jurisdiction, of any other
remedy arising from nondisclosure of such liabilities.
XXII. UNDISCLOSED GIFTS. Either when this Agreement is signed or when the
divorce petition is first filed, whichever occurs earliest, no gift shall be made without the
other Spouse's consent. If such gift-giving does occur without the other Spouse's
consent, that warrantor shall pay to the warrantee a sum equal to half of the fair market
value of the asset transferred, with the fair market value to be determined, at the
warrantee's election, as of either (a) the effective date of this Agreement or (b) the date
on which the warrantee discovers the transfer, less any appreciation in the asset's value
attributable solely to acts of the transferee(s) and successor(s). The warrantor shall
further pay to the warrantee interest at the maximum rate under State law or ten percent
(10%) per annum, whichever is greater, from the date elected for determination of the
fair market value of the asset to the date of payment. This provision shall not be
deemed to impair the availability, in a court of competent jurisdiction, of any other
remedy arising from undisclosed gifts or transfers for less than adequate consideration.
XXIII. FUTURE LIABILITIES. Each Spouse warrants to the other that they shall not
incur, after the effective date of this Agreement, any liability for which the other shall be
or may become personally liable or that could be enforced against an asset held by the
other Spouse.
a.) If either Spouse incurs, after the effective date of this Agreement, any liability
for which the other shall be or may become personally liable or that could be
enforced against an asset held by the other Spouse, that warrantor shall
indemnify the other for any liability on the obligation, attorney fees, and related
costs.
XXIV. RELEASE OF LIABILITIES AND CLAIMS. Except as otherwise provided in this
Agreement, each Spouse hereby releases the other from all interspousal obligations,
whether incurred before or after the effective date, and all claims to the property of the
other. This release extends to all claims based on rights that have accrued before the
marriage, including, but not limited to, property and support claims. The Couple have
considered such claims in this Agreement.
XXV. STATUS OF TEMPORARY ORDERS. All temporary orders previously rendered
by the court in the pending dissolution action of the Couple shall be deemed fully
satisfied as to those acts whose performance was required on or before the effective
date of this Agreement and shall be deemed superseded by this Agreement as to those
acts whose performance was not required.
XXVI. WAIVER OF RIGHTS ON DEATH OF OTHER SPOUSE. Except for any Child
Support statements made in Attachment A, each Spouse hereby waives the right to
receive any property or rights whatsoever on the death of the other, unless such right is
created or affirmed by the other under a will or other written document executed after
the effective date of this Agreement. Each Spouse believes that he or she has received