DOMESTIC CONTRACTS

Domestic contracts outline the rights and responsibilities of the parties and include:

Marriage Contract: prior to or during the marriage, spouses may enter into a marriage contract to alter their rights and obligations regarding the division of assets, spousal support, and other matters.
Separation Agreements: separating spouses may enter into an agreement in which they agree on their respective rights and obligations relating to parenting, support, property division, and any other issues that relate to the marriage and its breakdown.
Cohabitation Agreements: parties who are cohabitating or intend to cohabitate and are not married to each other may enter into a cohabitation agreement outlining their rights and obligations regarding ownership of property, possessory rights, and spousal support.

Domestic contracts can help avoid costly and contentious litigation by outlining the parties’ rights and obligations.

FAQs

1. What is a domestic contract?

A domestic contract is a legal agreement between spouses that outlines their rights and obligations during their relationship or in the event of separation or divorce.

2. What types of domestic contracts exist?

There are three main types: Marriage Contracts, Cohabitation Agreements, and Separation Agreements.

3. Are domestic contracts enforceable in court?

Yes, domestic contracts are generally enforceable in court if they meet the legal requirements.

4. What can be included in a domestic contract?

Domestic contracts can cover issues such as property division, spousal support, and many other matters related to the relationship or potential separation.

5. Do both parties need to have independent legal advice?

It is strongly recommended that both parties seek independent legal advice before signing a domestic contract to ensure they understand their rights and obligations.