Disclosure of Information
One of the cornerstones of the Collaborative Law process is each party's commitment to voluntarily provide whatever information is needed or requested to make a proper evaluation of the case and develop settlement options, including full disclosure of the nature, extent, value of, and all developments affecting the parties' income, assets, and liabilities. Any material change in information previously provided must be promptly updated. The parties authorize their respective lawyers to fully disclose all information which in the lawyer's judgment must be provided to the other party in order to fulfill this commitment. If a lawyer knows that his/her client is violating rules regarding disclosure in a manner that will compromise the integrity of the process, then the lawyer is required to terminate the Collaborative Law process. While no formal discovery procedures such as depositions are used in the Collaborative Law process unless specifically agreed to in advance by both parties, each party generally executes a sworn inventory and appraisement (a detailed summary setting forth all of the party's assets and liabilities) and supporting documents related to assets listed in the inventory are exchanged.