Products tagged with 'premarriage agreement'

A Prenuptial (or Pre-Marriage) Agreement protects the interests of both parties if the marriage eventually ends in divorce. This standard form template is for Alberta residents.

• The purpose of the Agreement is to clearly establish what the rights and obligations of each party are with respect to joint and individual personal property, in the event that the marriage breaks down.
• Assets that were owned by an individual prior to the marriage remain the sole property of that individual.
• Each party acknowledges that they have no right to the assets of the other party.
• Household and living expenses will be shared proportionally according to income.
• The Agreement will be the sole determinant of the division of property during the marriage and the parties waive their rights under any provincial or federal legislation or under common law.
• You will both have to see separate lawyers in order to get independent legal advice about the rights you are giving up before you sign it. If you fail to do that, the agreement will not be legally valid.
• This Prenuptial (Pre-Marriage) Agreement is intended for use only in the Province of Alberta, Canada.