Contracting
out agreements.
Your local Palmerston North law firm.
Contracting out agreements.
Perhaps not the most romantic conversation to have with your significant other, establishing a mutual understanding when it comes to protecting or sharing relationship property can bring clarity and peace of mind in the event that things don’t turn out quite as planned.
Expert advice tailored to you.
Technically called section 21 agreements, these are agreements signed by two people in a relationship for the purpose of determining how their property is to be divided if the relationship ends.
In New Zealand, we often call this a ‘contracting out agreement’ because they have the effect of ‘contracting out’ of the Property (Relationships) Act 1976 (“PRA”).
So, do you need one? This will depend on the circumstances of your relationship; however, it is useful to first have a basic understanding of the PRA and what it could mean for you if you and your spouse or partner break up.
Main areas.
- Prenuptial Agreement or “Prenup”
- Postnuptial Agreement or “Postnup”
- Family Law
- Separation and Divorce
- Contracting out Agreements
- Separation and Relationship Property Agreement
- Property (Relationships) Act 1976
