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Nuptial Agreement

Nuptial Agreement Template for Ireland

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Key Requirements PROMPT example:

Nuptial Agreement

"I need a Nuptial Agreement drafted under Irish law to protect my technology startup business interests and intellectual property rights, with special consideration for future company valuations and potential IPO proceeds."

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Document background
The Nuptial Agreement is a comprehensive document used by couples in Ireland who wish to establish clear arrangements regarding their financial affairs and property rights either before or after marriage. While Irish courts do not recognize such agreements as legally binding, they may take them into consideration during divorce proceedings if they meet certain criteria, such as being properly executed with independent legal advice and full financial disclosure. The agreement typically addresses various aspects including separate and joint property, future acquisitions, business interests, inheritance, and potential maintenance arrangements. It's particularly relevant for individuals with substantial assets, business interests, or expected inheritances, and those entering second marriages or seeking to protect family wealth. The document must be drafted in accordance with Irish family law principles and constitutional provisions regarding marriage and family rights.
Suggested Sections

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

2. Background: Context of the agreement, including the upcoming marriage and purpose of the agreement

3. Definitions: Detailed definitions of key terms used throughout the agreement

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

5. Financial Disclosure: Acknowledgment of full financial disclosure by both parties

6. Separate Property: Provisions regarding property owned by each party prior to marriage

7. Joint Property: Terms governing property acquired during marriage

8. Future Property: Provisions for treatment of property acquired after marriage

9. Income and Earnings: Treatment of income and earnings during marriage

10. Debts and Liabilities: Allocation of responsibility for existing and future debts

11. Maintenance and Support: Provisions regarding spousal maintenance in case of separation

12. Dispute Resolution: Process for resolving any disputes arising from the agreement

13. Governing Law: Specification of Irish law as governing law

14. Severability: Provision for survival of remainder if parts are found invalid

15. Entire Agreement: Confirmation that this represents the complete agreement between parties

Optional Sections

1. Business Interests: Specific provisions for business assets and interests, used when either party owns or may inherit business interests

2. Inheritance and Gifts: Special provisions for inherited assets or anticipated gifts, included when significant inheritance is expected

3. Children's Provision: Provisions regarding financial arrangements for existing or future children, used when relevant

4. Foreign Assets: Specific provisions for international property or assets, included when parties have assets in multiple jurisdictions

5. Pension Rights: Detailed provisions regarding pension arrangements, used when significant pension assets exist

6. Family Heirlooms: Special provisions for family heirlooms or items of sentimental value, used when relevant

7. Religious Requirements: Specific provisions aligned with religious requirements, included when parties wish to incorporate religious elements

Suggested Schedules

1. Schedule 1: Assets of First Party: Detailed inventory of first party's assets, liabilities, and financial resources

2. Schedule 2: Assets of Second Party: Detailed inventory of second party's assets, liabilities, and financial resources

3. Schedule 3: Joint Assets: List of any existing joint assets and agreed treatment

4. Schedule 4: Certificates of Independent Legal Advice: Signed certificates from legal advisors of both parties

5. Schedule 5: Financial Disclosure Statements: Detailed financial statements from both parties

6. Appendix A: Valuations: Professional valuations of significant assets

7. Appendix B: Supporting Documents: Copies of relevant documents referenced in the agreement

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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Family Law Solicitor

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