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Prenup For Unmarried Couples Template for Philippines

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Key Requirements PROMPT example:

Prenup For Unmarried Couples

"I need a Prenup For Unmarried Couples agreement to protect my tech startup business assets and intellectual property rights, while my partner maintains their separate retail business ownership; we plan to start living together in March 2025 and want clear terms for both personal and business asset separation."

Document background
The Prenup For Unmarried Couples agreement is specifically designed for couples in the Philippines who wish to establish clear property rights and financial responsibilities while maintaining an unmarried status. This document becomes particularly important given the unique legal landscape in the Philippines, where divorce is not recognized and marriage laws are strictly regulated. The agreement covers various aspects including separate property designation, joint asset management, financial obligations, and potential separation arrangements. It's especially relevant for couples who own significant assets, run businesses, or want to maintain clear separation of their financial affairs. The document must comply with Philippine civil law principles and contract law, as it cannot rely on traditional matrimonial law frameworks. It's recommended for couples to execute this agreement before cohabitation or significant joint property acquisition to ensure clear understanding and protection of both parties' interests.
Suggested Sections

1. Parties: Identifies and provides full details of both parties entering into the agreement

2. Background: Establishes the context of the agreement, including the parties' relationship status and intention to protect their respective property rights

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Separate Property: Details what constitutes separate property for each party, including pre-existing assets and inheritances

5. Joint Property: Establishes how jointly acquired property will be treated and divided

6. Financial Obligations: Outlines how shared expenses, debts, and financial responsibilities will be handled

7. Property Management: Specifies how both separate and joint property will be managed during the relationship

8. Separation Provisions: Details the division of property and financial arrangements in case of relationship termination

9. Dispute Resolution: Establishes procedures for resolving any disputes related to the agreement

10. Governing Law: Confirms that the agreement is governed by Philippine law and specifies applicable jurisdictions

11. Execution: Contains signature blocks and notarization requirements

Optional Sections

1. Business Interests: Required when either party owns or may establish business ventures, detailing how business assets and income will be treated

2. Inheritance Rights: Optional section addressing how inherited property will be treated during and after the relationship

3. Intellectual Property Rights: Needed when either party has or expects to have significant intellectual property assets

4. Child Support Provisions: Required if the parties have or plan to have children together, though noting that child support itself cannot be waived

5. Property Outside Philippines: Necessary when either party owns or expects to acquire property in other countries

6. Future Marriage Provisions: Optional section addressing how this agreement would relate to any future marriage agreement

7. Debt Protection: Required when either party has significant pre-existing debt or anticipates taking on substantial debt

Suggested Schedules

1. Schedule A - Individual Assets: Detailed inventory of each party's separate property at the time of agreement

2. Schedule B - Joint Assets: List of all jointly owned property at the time of agreement

3. Schedule C - Financial Disclosure: Complete financial disclosure from both parties including assets, liabilities, and income

4. Schedule D - Business Assets: Detailed list of business interests and their agreed treatment

5. Schedule E - Debt Schedule: Comprehensive list of each party's individual and joint debts

6. Appendix 1 - Asset Valuation Reports: Independent valuations of significant assets mentioned in the agreement

7. Appendix 2 - Certificate of Independent Legal Advice: Confirmations that each party received independent legal advice

Authors

Alex Denne

Head of Growth (Open Source Law) @ 抖阴短视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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