Prenuptial Agreement for Business Owners
This Prenuptial Agreement ("Agreement") is made and entered into as of the ___ day of ____________, 20__, by and between:
Party 1 Name:
Address:
("Party 1")
Party 2 Name:
Address:
("Party 2")
Collectively referred to as "the Parties".
Recitals
- The Parties contemplate legal marriage under the laws of the State of ____________.
- Party 1/Party 2 is the owner of the following business(es):
| Business Name |
Type of Entity |
Ownership Percent |
|
|
|
Article I: Disclosure of Assets and Debts
Each Party has provided a fair and reasonable disclosure of their respective assets, liabilities, and business interests, as attached in Schedule A and Schedule B.
Article II: Treatment of Business Interests
- All current and future interests, earnings, and appreciation in the business(es) owned by either Party, individually or jointly, shall remain the separate property of the original owner.
- No interest in any business shall transfer to the other Party by virtue of the marriage.
Article III: Treatment of Income and Appreciation
- Any income derived from the business(es) or increase in value shall remain the separate property of the owning Party.
- Dividends, distributions, or other payments received shall not become marital property.
Article IV: Debts and Liabilities
- Debts or obligations arising from or related to any business interest shall remain the responsibility of the Party who incurred them.
- The non-owner Party shall have no liability for business-related debts.
Article V: Other Assets & Property
- Assets acquired during the marriage that are not business interests shall be governed by the laws of the State of ____________ or as mutually agreed.
Article VI: Spousal Support / Alimony
- The Parties agree as follows concerning spousal support/alimony in the event of separation or divorce:
Article VII: Miscellaneous
- This Agreement may only be amended in writing signed by both Parties.
- The Agreement shall be governed by the laws of the State of ____________.
Signatures
___________________________
Party 1 Signature
Date:
|
___________________________
Party 2 Signature
Date:
|
Witnesses
___________________________
Witness 1 Name/Signature
Date:
|
___________________________
Witness 2 Name/Signature
Date:
|
Schedule A - Party 1's Assets & Liabilities
Schedule B - Party 2's Assets & Liabilities