What Is A Marriage Contract?

A marriage contract is an agreement entered into by a couple usually prior to marriage but also sometimes after parties marry. This agreement can set out the division of property, and spousal support in the event of a breakdown in the relationship. If a prenup agreement is not in place at the time that a couple separates, then they will be bound by the provisions as set out in the Family Law Act and the Divorce Act.

What Can A Prenup Agreement Include?

A marriage contract allows the marrying couple to set out specific provisions to deal with their assets and liabilities from the marriage, including those they came into the marriage with and what they acquire during the marriage. Both parties are required to provide full financial disclosure at the time that the marriage contract is signed because otherwise a court may set it aside on the basis of a failure to make full financial disclosure. A marriage contract allows the couple to specify how property, including the matrimonial home, will be allocated or divided in the event of a separation. A marriage contract can also modify or eliminate the wealth sharing provisions of the Family Law Act.

Why Sign A Prenup Agreement?

So why would some people choose to sign a prenuptial agreement? This type of agreement aims to set out in advance each person’s financial obligations to the other and to avoid future litigation over these obligations. For example, parties entering into a second marriage may want to set out their rights to each other, or if there are children from a previous relationship, you may wish to sign a marriage contract. Other examples include where one of the parties comes into the marriage with a property that will become their matrimonial home and wants to ensure they get credit for its value on the date of marriage or protect themselves from having to share this asset at all with their spouse. These, among others, are all examples of where you may wish to consider a marriage contract. It is always recommended that before you get married, you speak to a lawyer and get legal advice on whether or not it is in your best interest to sign a prenup agreement.

Humi - Administration - Hummingbird Lawyers LLP

As purveyors of innovation, when we see something amazing we like telling the world about it. Recently, we were introduced to Humi. Humi is a complete, cloud-based HR software solution designed and built for companies in Canada. Their mission is to make running a small to mid-sized business easier, more efficient, and scalable. The company is priced on a transparent value-proposition, where if you transfer your company benefits (health, dental, etc.) over to them you get to use their world-class HRM free (big savings). They even have options for companies that want to keep their benefits as is. Canadian innovation and business value at its finest.

For those of you who do not know Hummingbird Lawyers yet, we are a progressive law firm, operating via passion, intellect, and technology. We are one of the fastest growing law firms in Canada, and stand out simply because of they way we treat each and every client we welcome into our family. As opposed to a single dimensioned firm, we offer services in Commercial Real Estate, Corporate Law, Employment Law, Civil Litigation, Family Law, Wills & Estates, and Residential Real Estate – making sure clients benefit from a full team of experienced lawyers for every need they have.

A good advisor is priceless, and in honour of our friends at Humi we have put together a special program exclusively for Humi clients – the HR Legal Concierge Service.

HR Legal Concierge Service

Exclusively for Humi Clients ($55.00 / per month)

Legal Intercom – Live chat with a Hummingbird Employment / Corporate Lawyer! Useful for asking quick questions on topics like vacation entitlements, sick days, maternity leave, and other employment quickies – and if you need to have a formal call with a lawyer we can easily convert the intercom chat into a consultation.
30 minute Annual HR document review session with an employment lawyer
Preferred rates on corporate legal services for your company (Commercial Real Estate, Corporate / Business Law, Employment Law, Litigation, Mediation, and Arbitration)
Preferred rates for your employees on personal services including Family Law (divorces, separation, custody), Residential Real Estate, and Wills & Estates)
Non- Humi clients pay $55 per month for this concierge service, but it is offered free with your Humi usage

We are proud to be part of such a great partnership and look forward to always bringing our clients and friends together. If you have any questions please do not hesitate to contact us!

Humi + Hummingbird Law

HR Legal Concierge Service

Exclusively for Humi Clients ($55.00 / per month)

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