Financial Agreement

A written agreement, made, before, during or after marriage, which deals with financial resources and maintenance of parties. Financial agreements may be enforceable through the courts if they each party has taken independent legal advice before signing the argeement.  In this case, the agreement is said to be a legally binding financial agreement.

Legally Binding Financial Agreement

An agreement in which both parties agree on the parameters of the agreement, seal it by signing each page of the document, and have certified proof that: ,(a) Before signing the agreement they each received independent legal advice from a legal practitioner as to: ,(i) the effect of this Agreement on their individual rights; and ,(ii) the advantages and disadvantages, at the time of that advice, of consenting to the Agreement.
Return to top