Common use of Separate Property Clause in Contracts

Separate Property. After the solemnization of the marriage between the parties, each of them shall separately retain all rights in his or her own property, whether now owned or hereafter acquired (other than any property which they may hereafter acquire as joint tenants with rights of survivorship), and each of them shall have the absolute and unrestricted right to dispose of such separate property, in whole or in part, free from any claim that may be made by the other by reason of their marriage and with the same effect as if no marriage had been solemnized between them. The separate property will be free and clear of any claim of the other party, upon separation or otherwise, without regard to any time or effort invested during the course of the marriage in the maintenance, management, or improvement of the separate property. This shall include any personal property which shall remain the sole ownership of the nameholder or the property owner as of the date of the marriage.

Appears in 6 contracts

Samples: Prenuptial Agreement, Prenuptial Agreement, Prenuptial Agreement

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