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Prenup For Unmarried Couples

Prenup For Unmarried Couples Template for New Zealand

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Prenup For Unmarried Couples

"I need a Prenup For Unmarried Couples that protects my established technology business and intellectual property assets, while ensuring fair treatment of any future shared property acquired during our relationship."

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Document background
The Prenup For Unmarried Couples (de facto relationship property agreement) is essential for couples in New Zealand who wish to establish clear property rights and financial arrangements outside the default provisions of the Property (Relationships) Act 1976. This document is particularly relevant for couples entering into or already in a de facto relationship who want to protect their individual assets, manage shared property, or establish clear financial boundaries. The agreement must comply with New Zealand legal requirements, including mandatory independent legal advice for both parties and full financial disclosure. It typically includes detailed provisions about existing assets, future property acquisition, debt management, and separation arrangements. This type of agreement is especially important for individuals with significant assets, business interests, expected inheritances, or those entering subsequent relationships.
Suggested Sections

1. Parties: Identification and details of both parties entering into the agreement

2. Background: Context of the relationship, purpose of the agreement, and acknowledgment of the Property (Relationships) Act 1976

3. Definitions: Key terms used throughout the agreement, including 'relationship property', 'separate property', and other relevant definitions

4. Independent Legal Advice: Confirmation that both parties have received independent legal advice before signing

5. Separate Property: Detailed provisions regarding property that will remain separate property of each party

6. Relationship Property: Provisions regarding property that will be considered relationship property and how it will be treated

7. Future Property Acquisitions: Rules for classifying and dealing with property acquired during the relationship

8. Relationship Debts: Treatment of existing and future debts, liabilities, and financial obligations

9. Separation Provisions: Process and rules for property division in case of relationship breakdown

10. General Provisions: Standard clauses including severability, entire agreement, and governing law

11. Execution: Signing provisions and witness requirements

Optional Sections

1. Children's Interests: Provisions relating to existing or future children's interests and financial arrangements - include when parties have or plan to have children

2. Business Interests: Specific provisions for handling business assets and income - include when either party owns or may establish a business

3. Inheritance and Gifts: Treatment of inherited assets and gifts - include when significant inheritances or gifts are expected

4. Trust Provisions: Provisions relating to existing or future trusts - include when either party has trust interests

5. Overseas Assets: Specific provisions for international property - include when parties have or expect overseas assets

6. Retirement Provisions: Treatment of retirement savings and pension funds - include for longer-term relationships

7. Life Insurance: Provisions regarding life insurance policies and beneficiaries - include when parties have significant life insurance

8. Intellectual Property: Provisions for intellectual property rights - include when either party has IP assets

Suggested Schedules

1. Schedule A - Assets Schedule: Comprehensive list of each party's assets at the time of agreement

2. Schedule B - Liabilities Schedule: Comprehensive list of each party's liabilities at the time of agreement

3. Schedule C - Certificates of Independent Legal Advice: Signed certificates from each party's lawyer confirming independent legal advice

4. Schedule D - Financial Disclosure: Detailed financial disclosure statements from both parties

5. Schedule E - Valuations: Professional valuations of significant assets (if applicable)

6. Schedule F - Business Assets: Detailed list and valuations of business assets (if applicable)

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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