DIY Legal Forms

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Disposition of Professional License

(Separation Agreement Provision)

Interest in Professional License. Because Wife supported Husband during the period of his education leading to Husband's licensing to practice [nature of practice], she is entitled to benefit from her investment in Husband's education. Therefore, Husband will pay Wife the sum of ---------- dollars ($----------) for her interest in his license to practice [nature of practice]. The said sum will be paid in [number] equal [time period, e.g., monthly, quarterly] payments commencing [date]. This payment is not for Wife's maintenance but is a division of property and is to be treated as such by both parties for federal and state tax purposes.