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Nadia McLeod from RPM Legal Kits explains that a prenuptial agreement (prenup) is a contract for couples intending to marry, detailing asset division in case of relationship breakdown. In Australia, the legal term is “binding financial agreement,” and these can be created at any relationship stage, including after separation and for de facto relationships. The video emphasizes that a prenup must meet the requirements of section 90G of the Family Law Act to be valid in Australia. It's typically drafted by a local lawyer, who ensures compliance with legal standards and includes specific details about both parties and their assets.
