Professional Documents
Culture Documents
PRENUP:
A prenup are a contract between two individuals who are about to get married,
outlining the state of finances and personal liabilities in case the marriage fails. Pre-nup in
India sounds like an alien concept as India is a country that follows its rich culture and the
love and warmth that people share which is against of the concept of prenup itself.
In India, since marriage isn't considered a contract, it is very rare that we are supposed
to see or hear a couple getting a prenup. Indian legal system itself also has no law on prenup
under marriage laws. Nevertheless, the global publicity about celebrity prenuptial agreements
is encouraging more affluent people to consider the idea in India.
However, in case of divorce or separation both the spouses, struggle with the hearings
of their case in court, hurling accusations on each other, pinning the blame on the opposite
party, all so that the person may get to pay less amount of money as alimony and it is here
that the importance of a prenuptial agreement comes into play. However, Islamic marriages
in India are governed by Muslim law. The Muslim Women (Protection of Rights on Divorce)
Act provides for the enforcement of sums due under the contract signed by the parties as their
marriage contract (mahr).
A prenuptial agreement must contain few of the following clauses:
Disclosure of assets and liabilities
Financial or monetary position
Real estate properties
Shared properties & Division of properties
Separate properties
Alimony or maintenance
Child custody & Maintenance
Life insurance, Medical insurance, Claims