Financial Binding Agreement Template 2025

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A correctly prepared BFA provides: However, the cost of getting a Binding Financial Agreement is often a sticking point for many people. Stereotypically, BFAs are expensive, ranging anywhere from $4000 to $6000 or more.
It is paramount to work with experienced legal professionals when drafting and finalising a BFA to ensure its validity and enforceability.
A Financial Binding Agreement must meet the following requirements in order to be binding, namely: Be in writing. Specify whether it is made under Section 90B, Section 90C, Section 90D, Section 90UB, Section 9UC or Section 90UD. Be signed by both parties.
Binding Financial Agreements are the more formal terminology that we use in Family Law. BFAs are often mistakenly referred to as a prenuptial agreement or a prenup. A prenuptial agreement (or prenup) is made before the parties are married, but is generally seen as an American term and not an Australian term.
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