Binding Financial AgreementsBinding Financial Agreement • March 5th, 2024
Contract Type FiledMarch 5th, 2024A Binding Financial Agreement (“BFA”) is an agreement in writing when parties are either contemplating entering into a relationship or are in a relationship (de facto, marital or same sex). The BFA deals with what happens with respect to the division of property between the parties in the event of a future separation. The BFA can also deal with what happens in relation to spousal maintenance should the parties separate.