Basically, a pre-nuptial agreement/premarital agreement is “a contract between prospective spouses made in contemplation of marriage and to be effective upon marriage.” Such agreements are often entered in order to address contentious issues in marriage like support, distribution of wealth in the event of death, divorce or failure of the marriage. In order for this agreement to be enforceable, it should be in writing and it becomes a valid contract between the two spouses such that in case of separation, the court can make an amicable decision with regards to distribution of property between the couple. In this case, property refers to tangible or intangible assets such as income and earnings (US Legal, 2014). A premarital agreement becomes enforceable upon the consummation of the marriage and both parties agree to be bound by the agreement.
In case of Jeremy and Marietta, this kind of agreement is essential since it is primarily meant to protect their marriage. Jeremy has previously gone through a traumatic experience when he divorced with his first wife. Traditionally, men are often regarded as the breadwinners in the family though there are also successful women who are gainfully employed. Either way, the other partner in marriage may be interested in taking advantage of the wealth of the other spouse and they enter into a marriage of convenience. Such kind of marriage is doomed right from the beginning and there are likely chances that it would end in divorce. The other partner with little wealth in the marriage would then try to take advantage of the situation where she demands a lion’s share of the property she has not worked for. This would be a typical marriage of convenience where the other partner is mainly interested about material gains rather than the marriage itself. The other reason why this sort of agreement is essential is that when people get