However, the parties intend to resolve certain issues and have therefore reached this agreement. You can use a separation agreement if you and your ex-partner are considering divorce or breaking up your life partnership, but they have not decided to separate. These agreements can be covered by the Indian Contract Act 1872. Section 10 of the Indian Contracts Act states that agreements must be considered contracts when they are concluded by the free consent of the parties.  Section 23 of the same statute states that a contract may be non-sour if it is immoral or contrary to public policy.  These conditions are set out in Article 1466 of Thailand`s Trade and Civil Code. In accordance with Thai marriage laws, the matrimonial agreement focuses on the assets and financial consequences of marriage and sets the terms of ownership and management of common personal and concrete property and the eventual division of marital property when the marriage is dissolved. The marriage agreement also contains a list of each party`s personal property at the time of marriage and ensures that debts and property prior to marriage remain in the possession of the original owner or debtor. Personal property includes: A marriage agreement is only valid if it is concluded before the marriage breakdown. Once a couple is married, they can write a post-marriage arrangement. If the parties marry with the application of the delimitation, their respective discounts would remain separated during the stay of the marriage.
In the event of a dissolution of the marriage, whether it is a death or a divorce, the spouse with the slightest limit would be entitled to a right against the spouse with a greater limit for half the difference between their limit values. Business interests: do you work from home? Consider alternative jobs in case you need to move. Do you have an interest in doing business with others? Consider the value of your interest in the business and what can happen if you have to buy your spouses` share of the interest (marital property). Is your business interest transferable – can the shares you hold be sold to a tightly managed company or the interest in a partnership? Are there any restrictions on the transfer of your interest in the company? Receive documents relating to any sales or transfer restrictions – partnership contracts, buy-back contracts, etc. Receive copies of business tax returns for at least the past 3 years and the latest profit and loss accounts. If you are an individual contractor or self-employed person, you are working on a profit-loss account that includes all expenses and business income and you will receive copies of receipts or invoices that secure the numbers. If either party has not provided clear and complete disclosure of the assets, this part of the agreement can be easily challenged – and often reversed – while the rest remains on site so that the parties can continue with their future lives and responsibilities.