Film producer and director Priyadarshan and his wife Lissy have decided to part ways after an amicable settlement.

The couple has also decided to file divorce on mutual consent with a memo of compromise. The duo signed the compromise memo in the Madras High Court on January 28, according to TNIE.

After a long legal battle, both Priyadarshan and wife Lissy agreed to withdraw all the allegations that they made against each other in the divorce petition. Lissy had also filed criminal proceedings against Priyadarshan under provisions of domestic violence.

According to the agreement, Priyadarshan will be transferring the ownership of the preview theatre Four Frame Entertainment and Dubbing with equipment to Lissy. In turn, Lissy will be releasing her rights over the Four Frames Mixing Studio over to Priyadarshan, according to TNIE.

The gold ornaments purchased by the duo will be in possession of Lissy and will be passed on to their daughter for her wedding.  They have joint rights on a property in Singapore. They have decided to sell the property and divide the money equally.

The judge said that as the settlement is being made in full satisfaction of Lissy, she will not be having rights of any other properties owned by Priyadarshan and cannot ask for past or future maintenance, according to TNIE.