Parent 1 (Payor): [Full Name], residing at [Address]

and

Parent 2 (Payee): [Full Name], residing at [Address]

Child(ren) Covered by this Agreement:

• [Full Name], Date of Birth: [Date]

1. Purpose

The purpose of this Agreement is to establish the financial support arrangements for the child(ren) listed above to ensure their needs are adequately met.

2. Payment Terms

The Payor agrees to pay the Payee the sum of [Amount in USD] per month, beginning on [Date], and continuing until the child reaches the age of majority or as otherwise provided by law. Payments shall be made via [payment method] on or before the [Day] of each payment period.

3. Additional Expenses

The parties agree that the following expenses shall be shared as indicated:

• Medical and dental expenses: [Percentage split]
• Educational costs: [Percentage split]
• Extracurricular activities: [Percentage split]

4. Modification of Agreement

Any changes to this Agreement must be in writing and signed by both parties. Modifications may be necessary if there is a significant change in financial circumstances or the needs of the child.

5. Enforcement

If the Payor fails to make timely payments, the Payee may seek enforcement through family court or other legal means available under applicable law.

6. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of [State].