Tuesday, April 3, 2012

Prenuptial Agreement Meaning

Meaning of Prenuptial Agreement

prenuptial agreement (ante nuptial agreement), a written contract between two people who are about to marry, setting out the terms of possession of assets, treatment of future earnings, control of the property of each, and potential division if the marriage is later dissolved. These agreements are fairly common if either or both parties have substantial assets, children from a prior marriage, potential inheritances, high incomes, or have been "taken" by a prior spouse.

commonly abbreviated to prenup or prenupt, is a contract entered into prior to marriage, civil union or any other agreement prior to the main agreement by the people intending to marry or contract with each other. The content of a prenuptial agreement can vary widely, but commonly includes provisions for division of property and spousal support in the event of divorce or breakup of marriage. They may also include terms for the forfeiture of assets as a result of divorce on the grounds of adultery; further conditions of guardianship may be included as well.

Is Prenuptial Agreement valid in India

As of now, I don’t see prenuptial agreements having legal validity in India. If some provisions are blatantly unfair, many of us will cry out that the woman is being exploited and step in to save her from a life of poverty and destitution.

Sample of Agreement

Type of Agreement (Prenuptial Agreement)

.1. Jurisdiction

2.First Partner’s Information( Name+Address+Age+ Qualification etc)

3. Second Partner,s Information(Name+Address+Age+ Qualification etc..)

4.Financial declaration

5.Current Property

6.Seprate Property

7.Shared Property

8.Current Debts

8.Seprate Debts

9.Shared Debts

10.children (if Previous relationship)

11.Support Payment

12.Estate Matters

13.Addl. Clauses

14.signing Condition

15.Date of Signing.


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