Prenuptial Agreement [Prenup]

A prenup is a pre-marital agreement between two people who plan to get married and defines the rights and benefits of each person during and after marriage.

A prenup basically covers the assets, debts and the income of each spouse.

This agreement must be in writing and demonstrate the understanding of both parties.

Merriam-Webster Online Dictionary
prenuptial agreement (noun)
an agreement made between a man and a woman before marrying in which they give up future rights to each other's property in the event of divorce or death - called also pre*nup ˈprē-ˌnəp prenuptial
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