Family Law Library

What are the formal requirements?

A Binding Financial Agreement has certain requirements which must be fulfilled in order for the agreement to be binding. It is also important to be able to demonstrate each party fully understands and accepts the agreement.

To be valid and enforceable a Binding Financial Agreement must be in writing, signed by both parties and each party must obtain independent legal advice. The lawyers advising each party must sign a statement that they have given independent advice.