Free Marriage Agreement

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This Marriage Agreement, (“Agreement”) is entered into on this 6th day of January 2050, (the “Effective Date”), by and between Party A (hereinafter “Party A”) and Party B (hereinafter “Party B”) collectively referred to as the ("Parties").
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1. ASSET PROTECTION
1.1 Individual Assets: Both Parties agree that their assets acquired before the marriage will remain the sole property of each respective party in the event of divorce or death. These individual assets may include but are not limited to real estate, properties, investments, and businesses.
1.2 Jointly Acquired Assets: Any properties or assets that were obtained by both parties together during the period of their matrimony are up for division and will be distributed based on the conditions and terms stipulated within this Agreement.
2. FINANCIAL RIGHTS AND RESPONSIBILITIES
2.1 Equal Sharing: All parties involved have mutually come to an agreement that throughout the marriage, every right, responsibility, liability, and all financial obligation, without any exceptions, are to be shared equally between them.
2.2 Division of Assets and Debts: In the event of divorce, assets, and debts will be divided equitably by the laws of the state governing this Agreement. This includes any earned income, debts incurred, or acquisitions made during the marriage unless otherwise specified.
3. PROTECTION OF FAMILY INHERITANCES
In mutual consensus, both participants of the agreement declare that any inheritance that either of them individually receives while married will remain solely as the property of the party to which it is received. Furthermore, should a circumstance arise where a divorce takes place, the inheritance(s) that were previously deemed as individual properties, rather than shared ones, will not be subjected in any manner to a division of the married couple's assets.
4. REDUCING CONFLICT IN THE EVENT OF DIVORCE
This Agreement aims to reduce potential conflict by setting forth clear expectations about the allocation of assets, distribution of debts, and potential spousal support. Both Parties agree that in the event of divorce, they will abide by the agreement outlined in this document and will not engage in unnecessary litigation or dispute.
5. PRESERVING BUSINESS INTERESTS
If any Party involved in this agreement is an owner of a business, it is mutually agreed upon by all Parties that these business interests shall be protected and explicitly excluded from being categorized as marital assets. Further, any augmentation in the monetary worth of the aforementioned business entities that occurs during the tenure of the marriage shall solely be the property of the individual who owns the business. This stipulation applies unless there is a mutual consensus that contradicts and specifies otherwise.
6. ADDRESSING FUTURE CONTINGENCIES
This Agreement contains the acknowledgment that unexpected, unforeseen circumstances may potentially arise between the Parties involved. These unpredictable circumstances could cause a situation where one Party has to make a substantial sacrifice or concession for the other. In the event of such occurrences, we have agreed that any compensation that might need to be made, or any adjustments that may need to be initialized regarding the distribution of assets between the Parties, will be executed in a manner that is responsive, just, and fair. These compensations and adjustments will be carried out in accordance with the conditions and provisions that have been laid out in this Agreement, or as deemed appropriate and fair by a court of law.
7. PROTECTION AGAINST DEBTS
Both Parties agree that each Party will be held responsible for their debt accrued before the marriage. Neither Party will be held liable for the pre-existing debt of the other. Any joint debt incurred during the marriage will be the shared responsibility of both Parties.
This Agreement is subject to the governing laws of the state of New York, and it is incumbent on both Parties to ensure that they have understood and agreed to all the terms outlined in this Agreement.
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SIGNATORIES:
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[Your Name]
Party A
[Date Signed]

[Your Name]
Party B
[Date Signed]

[Your Name]
Legal Representative for Party A
[Date Signed]

[Your Name]
Legal Representative for Party B
[Date Signed]
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