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Simple English definitions for legal terms
preregistration agreement
Read a random definition: earnest
A quick definition of preregistration agreement:
A preregistration agreement is like a special agreement that some couples make when they want to become domestic partners or civil union partners. It's like a prenuptial agreement, but for couples who don't want to get married. The agreement helps the couple figure out how to handle their money and things they own while they are together, and what will happen to those things if they decide to end their partnership.
A more thorough explanation:
A preregistration agreement is a legal document that serves as a prenuptial agreement for couples who are registering as domestic partners or civil union partners. It is used in some states in the United States and in the United Kingdom.
The purpose of a preregistration agreement is to determine how the couple will regulate their finances during the union and how they will divide their assets in the event of a dissolution of the union. It is similar to a prenuptial agreement, but it is specifically for couples who are not getting married.
For example, if a couple in California decides to register as domestic partners, they may choose to create a preregistration agreement to determine how they will handle their finances and assets during their partnership. If they later decide to dissolve their partnership, the agreement will dictate how their assets will be divided.
Another example is a couple in the United Kingdom who decides to register as civil union partners. They may create a preregistration agreement to determine how they will handle their finances and assets during their partnership. If they later decide to dissolve their partnership, the agreement will dictate how their assets will be divided.