Common use of Ownership of Business Clause in Contracts

Ownership of Business. With respect to the ownership of business: a. Any business that is separately owned by either Party prior to the marriage will remain as that Party’s non-marital, separate and individual property and will not be subject to division in the event the marriage is terminated. Any appreciation in the value of the business during the course of the marriage will be: (Check one) ☐ Granted to the Party that currently owns the business ☐ Shared equally by the Parties ☐ Divided between the Parties as follows: % to the First Party and % to the Second Party or as otherwise designated in a writing signed by both Parties ☐ Do not specify b. Any business acquired by either Party or given to either Party during the marriage will be treated as marital property and jointly owned by both Parties. In the event the marriage is terminated, ownership of the business and any appreciation in the value of the jointly owned business during the course of the marriage will be: (Check one) ☐ Granted to the First Party ☐ Granted to the Second Party ☐ Shared equally by the Parties ☐ Divided between the Parties as follows: % to the First Party and % to the Second Party or as otherwise designated in a writing signed by both Parties ☐ Do not specify

Ownership of Business. With respect to the ownership of business: a. Any business that is separately owned by either Party prior to the marriage will remain as that Party’s non-marital, separate and individual property and will not be subject to division in the event the marriage is terminated. Any appreciation in the value of the business during the course of the marriage will be: (Check one) ☐ Granted to the Party that currently owns the business ☐ Shared equally by the Parties ☐ Divided between the Parties as follows: __________% to the First Party and __________% to the Second Party or as otherwise designated in a writing signed by both Parties ☐ Do not specify b. Any business acquired by either Party or given to either Party during the marriage will be treated as marital property and jointly owned by both Parties. In the event the marriage is terminated, ownership of the business and any appreciation in the value of the jointly owned business during the course of the marriage will be: (Check one) ☐ Granted to the First Party ☐ Granted to the Second Party ☐ Shared equally by the Parties ☐ Divided between the Parties as follows: __________% to the First Party and __________% to the Second Party or as otherwise designated in a writing signed by both Parties ☐ Do not specify

Ownership of Business. With respect to the ownership of business: a. Any business that is separately owned by either Party prior to the marriage will remain as that Party’s non-marital, separate and individual property and will not be subject to division in the event the marriage is terminated. Any appreciation in the value of the business during the course of the marriage will be: (Check one) ☐ ☐ ☐ Granted to the Party that currently owns the business ☐ Shared equally by the Parties ☐ Divided between the Parties as follows: % to the First Party and % to the Second Party or as otherwise designated in a writing signed by both Parties ☐ Do not specify b. Any business acquired by either Party or given to either Party during the marriage will be treated as marital property and jointly owned by both Parties. In the event the marriage is terminated, ownership of the business and any appreciation in the value of the jointly owned business during the course of the marriage will be: (Check one) ☐ ☐ ☐ ☐ Granted to the First Party ☐ Granted to the Second Party ☐ Shared equally by the Parties ☐ Divided between the Parties as follows: % to the First Party and % to the Second Party or as otherwise designated in a writing signed by both Parties ☐ Do not specify