Gwen Stefani And Gavin Rossdale’s Divorce Agreement…

By Chad Childers, reposted from Loudwire (here)

After years as one of music’s top power couples, Bush frontman Gavin Rossdale and No Doubt vocalist Gwen Stefani split last year. TMZ has revealed some key details of the divorce settlement.

According to TMZ, the couple did not have a prenup, which meant that Rossdale could have been entitled to an equal split, but he reportedly took less as they divvied up their assets from their 13 wedded years.

The report states that Stefani maintained the music rights to all things No Doubt related, while Rossdale held onto his money accrued from Bush. Stefani also maintained 100 percent control over her L.A.M.B. and Harajuku Lovers fashion lines, though 25 percent of her profits from L.A.M.B. is going to a trust, likely for the couple’s kids.

TMZ also reports that Stefani gave up her rights to any profits from their property in Europe, where they owned four homes, while she does have control over two of their Los Angeles estates and will receive 50 percent of the profits from the sale of their Beverly Hills home.

Neither Rossdale or Stefani will pay child or spousal support, but they did create an expense account for their children which they both paid $1 million to fund. They will also share joint physical and legal custody of their children.