Contracting Out Agreements

The motivation for signing a contract should not be to prevent a party from getting a „slice of cake“. The new relationship may have created a merged family and the parties may have obligations to their own children in the event of death. CODR always conducts a preliminary assessment of the compliance of a contract with your situation. We also have the option of our lawyers providing you with personalized legal advice. Please check with us. We`ll see how we can help. If not, we can take you somewhere else. You need this contract, which is certified by a lawyer. CODR offers this service as a package, so it`s easy for you and your partner to do so if you use our contract. We strive to make this process as simple, stress-free and predictable as possible. We offer affordable fees.

Our lawyers are independent. This means that they will have your best interests in mind. If you have a property and/or investment portfolio, regardless of size or small, when you are single; or a previous relationship with a comparison or you have saved a good amount of money while single and buy a property with a new partner, then to protect what you bring in, you should seriously consider making a deal with any new relationship that has or is about to move on to the next important step of cohabitation. Some people use trusts for the same purpose as a contract. These can be considered by a court. However, recent cases have shown that the security of a trust is limited only for a contractual agreement. Parties must take into account their obligations to each other under the Family Protection Act. These obligations can be dealt with as part of the contract. For example, a life interest in the surviving spouse in the event of death is worth more than a share of the property. Each case must be considered on the basis of its facts. Contracting does not allow a party to do anything and is rather an instrument to make things right. The conclusion of a contractual agreement is a means of recognizing a new relationship with the intention of making that relationship work.

For a contract to be applicable, it must be fair. For such an agreement to be considered fair, it must be consistent with the principles of the Property (Relationships) Act. The usual problem with signing the contract is that a party may be prevented from giving its rights without knowing the consequences of signing the contract or what is owed to it under the law.

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