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Jennifer Flavin's divorce petition has been responded to by Sylvester Stallone.

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Stallone, 76, denied Flavin's allegations that he "engaged in the intentional dissipation,

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depletion, and/or waste of marital assets, which has had an adverse economic impact on the marital estate" in Palm Beach County,

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Florida, court documents seen by PEOPLE on Monday.

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In his response, Stallone's legal team stated that he "has not engaged" in that type of behaviour.

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Flavin's request for "exclusive use" of their Palm Beach home was also met with opposition from the actor.

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Flavin asked the court to take note of the "conduct of each party" that could potentially lengthen the process and encourage 

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mutual cooperation" to "reduce the cost" of legal fees.

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Stallone responded by stating that his wife "hired counsel to represent her and agreed to pay their legal fees."

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