Tag: binding financial agreement meaning

Binding Financial Agreement The Court imposes strict requirements for financial agreements to be binding as a binding agreement will oust the jurisdiction of the Court to make orders under the Act (subject to the power of the Court to set the agreement aside). The first of the technical requirements is that the agreement must specify the relevant section of the Act under which the agreement is made. In the absence of an express provision in the document the agreement is...

Are binding financial agreements help to improve Relations between two Parties in Australia? The answer is yes! Well if they are done properly anyway.  It is a common misconception that Binding Financial Agreements  / Prenuptial Agreements are simple contracts between two people that must be followed when the agreement comes into effect. It is widely believed that all that is required for a written agreement to binding two parties to a relationship is that a lawyer witness the parties signature...