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Simple Prenuptial Agreement

Simple Prenuptial Agreement Template for Nigeria

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Key Requirements PROMPT example:

Simple Prenuptial Agreement

"I need a Simple Prenuptial Agreement under Nigerian law for my upcoming marriage in March 2025, with specific provisions to protect my established technology business and overseas investments in the UK and US."

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Document background
The Simple Prenuptial Agreement is a crucial legal document for couples planning to marry in Nigeria who wish to establish clear financial and property arrangements before their union. This document is particularly relevant in cases involving business owners, high-net-worth individuals, or those with significant family assets. The agreement must navigate Nigeria's complex legal framework, which encompasses common law, customary law, and Islamic law depending on the type of marriage. A properly drafted prenuptial agreement should address asset protection, property division, financial responsibilities, and consider both federal and customary legal requirements. It serves as a protective measure for both parties by providing clarity on financial matters and reducing potential disputes during marriage or in case of dissolution.
Suggested Sections

1. Parties: Identifies the prospective spouses with their full legal names, addresses, and occupations

2. Background: States the parties' intention to marry, date of proposed marriage, and purpose of the agreement

3. Definitions: Defines key terms used throughout the agreement including 'separate property', 'joint property', and other relevant terms

4. Full Disclosure: Declarations confirming that both parties have made full disclosure of their assets and liabilities

5. Separate Property: Lists and describes properties that will remain separate for each party

6. Joint Property: Defines how property acquired during marriage will be treated and divided

7. Financial Obligations: Outlines financial responsibilities during marriage and handling of joint expenses

8. Dissolution Provisions: Specifies property division and financial arrangements in case of divorce

9. Governing Law: Specifies that Nigerian law governs the agreement and acknowledges relevant jurisdictional requirements

10. Amendment and Termination: Procedures for modifying or terminating the agreement

11. Execution: Signature requirements and attestation provisions

Optional Sections

1. Business Interests: Protects existing business interests and future business ventures - include when either party owns a business

2. Inheritance Rights: Addresses inheritance expectations and family property - relevant for parties with significant family wealth or expected inheritance

3. Cultural Considerations: Acknowledges and provides for specific cultural or traditional requirements - include when parties wish to incorporate cultural practices

4. Religious Requirements: Incorporates relevant religious principles - include for couples marrying under religious law

5. Children from Previous Marriages: Provisions protecting interests of existing children - include when either party has children from previous relationships

6. Debt Management: Detailed provisions about handling pre-existing and future debts - include when either party has significant debt

7. International Assets: Special provisions for overseas properties and investments - include when parties have international assets

Suggested Schedules

1. Schedule A - Asset Disclosure: Detailed list of each party's assets and their values at the time of agreement

2. Schedule B - Liability Disclosure: Detailed list of each party's debts and financial obligations

3. Schedule C - Separate Property Register: Comprehensive inventory of properties agreed to remain separate

4. Schedule D - Financial Statements: Current financial statements of both parties including income, expenses, and investments

5. Appendix 1 - Certificate of Independent Legal Advice: Signed certificates from each party's legal advisor confirming independent legal advice

6. Appendix 2 - Supporting Documents: Copies of relevant property titles, business ownership documents, and other supporting evidence

Authors

Alex Denne

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

alex.den.21@genieai.co
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