Limited or Binding Child Support Agreement – Which Should You Choose?
When parents reach an agreement in relation to child support, there are two options available to formalise that agreement.
Those two options are:
A Binding Child Support Agreement; and
A Limited Child Support Agreement.
What is the Binding Child Support Agreement?
A Binding Child Support Agreement is a contract between the parents which sets out the terms of the agreement they have reached in relation to the amount of child support for their child/children and how that child support will be paid.