Collaborative law, also known as collaborative practice, divorce, or family law,[1] is a legal process through which couples who have decided to separate or end their marriage work together with a team of collaboratively trained professionals including lawyers, divorce coaches, and financial professionals to achieve a settlement that meets the needs of both parties and their children without the need for litigation. The process allows parties to obtain a fair settlement while minimizing the time, cost, uncertainty, and acrimony that can accompany a litigious divorce or separation. Couples initiate this voluntary process by signing a contract (a "participation agreement") binding each other to the process and disqualifying their respective lawyer's right to represent either one in any future family-related litigation.[citation needed]
The collaborative law process can also facilitate a broad range of other family issues including disputes between parents and the drafting of pre- and post-marital (or prenuptial and postnuptial) contracts. Given the oppositional nature of the traditional method of creating pre-marital contracts, many couples prefer to begin their married life with documents drawn up consensually and mutually.[2]
Collaborative law processes have the added benefit of being cost-efficient for the involved parties. Assigning all the necessary tasks to specialized professionals without duplicating effort reduces costs for the parties.[3] These cost efficiencies, in addition to other potential benefits, have led parties in other contexts to explore the use of collaborative law to resolve disputes, including M&A transactions.[4]
^See "History" in this article, and Footnote 4.
^"Law Society Gazette Collaborative Pre-Nups". Lawgazette.co.uk. Archived from the original on 4 March 2012. Retrieved 31 December 2011.
^"The Efficiency of the Collaborative Divorce Settlement Process". Axelrod Collaborative Law. 24 March 2014. Retrieved 24 March 2014.
^Fabian, Christian. "Is Collaborative Law an Option for Resolving M&A Disputes". Transaction Advisors. ISSN 2329-9134.
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International Academy of Collaborative Professionals from 2009 to 2012. He finished his terms as a Trustee for the CollaborativeLaw Institute of Texas in...
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party with the strongest legal argument. In-between the two operates collaborativelaw, which uses a facilitative process where each party has counsel. A...
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bookmarking, teacher resource repositories, e-learning systems, collaborative learning, collaborative research, professional development and teaching. Wikipedia...
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