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Rajah Lehal

What Can be Included in Marriage Contracts?

September 21, 2015

Links from this article: Read the article here.

Parties may enter into marriage contracts to address issues they could face during their marriage and that may arise upon the breakdown of marriage. Because parties can customize a marriage contract to best suit their needs and specific situations, the contents of marriage contracts vary widely. Some examples of topics addressed in a marriage contract are how property will be owned during the marriage; how property will be divided upon the breakdown of the marriage; how household chores will be shared during the marriage; how household expenses will be shared during the marriage, etc.

This article explains what a marriage contract is, why parties enter into such contracts and the legal and formal requirements of such marriage contracts. The article provides advice on when it is a good idea to sign a marriage contract, and when a marriage contract is not a good idea. Regardless of what is covered by a marriage contract, the article provides this advice: “Using a do-it-yourself marriage agreement kit is really not a good strategy.” Expert independent legal advice is essential.

Read the article here.Take away:

  • Legal advice should address the question of whether a marriage contract is a good idea for the particular couple, and if it is, what topics need to be considered for inclusion in the contract.
Purpose
Marriage Contract
Commercial Activities

Written by Rajah. Rajah Lehal is Founder and CEO of Clausehound.com. Rajah is a legal technologist and technology lawyer who is, together with the Clausehound team, capturing and sharing lawyer expertise, building deal negotiation libraries, teaching negotiation in classrooms, and automating negotiation with software.