Marriage Contracts and Prenuptual Agreements
Prior to the decision of a marriage there are often weighted properties and assets that parties wish to maintain on an individual basis and not incorporate into the marriage in case of dissolution. Chhokar Law Office understands the relativity and merits of this circumstance and hence prepares Marriage Contracts to protect their clients of possible marriage dissolve. For further consultation, please contact us at 905-488-6557
A prenuptial agreement is a contract entered into by a couple who is planning to marry. In Ontario, a prenuptial agreement is called a marriage contract. To be valid and enforceable, the contract must meet certain conditions laid out in Part IV of the Family Law Act. For example, it must be in writing, signed by the parties, and witnessed. A marriage contract typically determines the parties’ rights regarding property and spousal support in the event the marriage ends in divorce. A marriage contract permits a couple to negotiate their own terms regarding property sharing and financial planning so that the marriage and divorce laws in their province do not automatically apply to them.