Common use of Separate debt Clause in Contracts

Separate debt. With respect to debts incurred prior to the marriage, each Party’s pre-existing debts or obligations listed in Exhibit A and Exhibit B will remain as the respective Party’s sole responsibility during and after the marriage. Any increase in the value of the pre-existing debts or obligations will also remain the sole responsibility of the respective Party. However, the following debts or obligations will be considered the marital debt of both Parties:

Separate debt. With respect to debts incurred prior to the marriage, each Party’s pre-existing debts or obligations listed in Exhibit A and Exhibit B will remain as the respective Party’s sole responsibility during and after the marriage. Any increase in the value of the pre-existing debts or obligations will also remain the sole responsibility of the respective Party. However, except for the following debts or obligations debts, which will be considered the marital debt of both Parties:

Separate debt. With respect to debts incurred prior to the marriage, each Party’s pre-existing debts or obligations listed in Exhibit A and Exhibit B will remain as the respective Party’s sole responsibility during and after the marriage. Any increase in the value of the pre-existing debts or obligations will also remain the sole responsibility of the respective Party. However, the following debts or obligations will be considered the marital debt of both Parties:: ________________________________________________ __________________________________________________________________________ (Optional)