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Nadia McLeod from RPMRE Legal Kits explains that prenuptial agreements, often referred to as prenups, are contracts between two parties intending to marry, detailing how to divide property and assets if the relationship ends. In Australia, the family court uses the term binding financial agreement instead of prenup. These agreements can be created at any stage of a relationship, including before, during, or after separation, and they also apply to de facto relationships. To be valid in Australia, a prenup must comply with Section 90G of the Family Law Act. A local lawyer typically drafts these agreements to ensure they meet legal requirements.