Fill and Sign their Respective and Collective Rights Titles and Interests in the Separate and Joint Property of the Form

- 1 - POSTNUPTIAL AGREEMENT READ BEFORE SIGNING: IMPORTANT NOTICE: EACH PARTY TO THIS AGREEMENT AGREES THAT THEY HAVE HAD AN OPPORTUNITY TO CONSULT WITH AN ATTORNEY OF THEIR CHOICE LICENSED TO PRACTICE LAW IN THEIR STATE OF RESIDENCE (NOT THE SAME ATTORNEY) AND THAT THEY HAVE FULLY READ, UNDERSTAND AND AGREE TO THE TERMS OF THIS AGREEMENT. EACH PARTY FURTHER AGREES THAT THEY ARE NOT ACTING UNDER DURESS OR UNDUE INFLUENCE IN EXECUTING THIS AGREEMENT AND THAT EXECUTION OF SAME IS DONE FREELY AND VOLUNTARILY. THIS AGREEMENT, made this ____ day of ________________, 2____, between ___________________________ (Name), of ______________________________ (Address), _____________ (State) ("first party or Wife"), and _____________________ (Name), of ____________________________ (Address), _____________ (State) ("second party or Husband"), W I T N E S S E T H WHEREAS, Wife and Husband are now married, having been married on the day of , 2 , in County, ; WHEREAS, the parties now desire to enter into this agreement to clarify and establish their respective and collective rights, titles and interests in the separate and joint property of the parties, in the event of divorce, death or other circumstances that would serve to terminate their marriage, but without the present intent of either party to obtain a divorce or a legal separation; and WHEREAS, by execution of this agreement, the parties warrant and represent that they have fully disclosed their financial status, including all assets, liabilities, and income, as listed in the financial statement disclosures, attached as Exhibits A and B; and WHEREAS, the parties agree that this agreement is to be effective upon execution in accordance with the applicable laws of the State of Maryland; and NOW, THEREFORE, in consideration of the mutual promises, covenants, warranties and other benefits and advantages accruing to each party, the parties agree as set forth above and below as follows: SECTION 1 SEPARATE PROPERTY Each of the parties shall retain full control of his or her own separate property, real, personal and mixed owned at the time of execution of this agreement and described in Exhibits A
And b in this agreement including, without limitation, marital residence, automobile, boat and all personal effects and other property owned at the time of the execution of this agreement, upon which such parties are jointly obligated and which each has a rightful right to possess against the other, and the other party shall release and assign to such parties all rights, title and interest in the separate property of such parties held at any time prior to the termination of this agreement or in any divorce or child custody or support action, civil or criminal, or which is now pending, or which is the subject of a pending or threatened action, civil or criminal; section 2 severability and subject to the payment of any arbitrages, liabilities, or issues of any kind, each party irrevocably waives all rights and powers or remedies provided by law in the event of or arising out of the division or insolvency of any business, partnership, corporation a or other business entity of such party, whether. owned directly or held in trust by such parties, at or prior to the termination of this agreement; section 3 division of property and subject to any other rights of either party, the division of property as set forth below is to be governed by the laws of Maryland, if the parties reside in or hold property of Maryland at the time of execution of this agreement. Such division shall be as follows: (1) in all cases where property is transferred and/or assigned in fee simple, the property shall be owned by one of the parties and the other party shall have no interest in or claim upon the property transferred and/or assigned and shall pass upon any claim by it, as fully described in the original instrument, by a probate court of said jurisdiction and the laws of the state of Maryland; (2) in all other cases the property shall be owned by either party and, upon the death or insolvency of one party, the estate and personal and other claims of such party shall pass to the other party or in the event of both parties dying at the same time, the interests of one party shall pass to the other; the provisions of this section 2 and subject to the payment of any arbitrages, liabilities or issues of any kind, each party irrevocably waives all rights and powers or remedies provided by law in the event of or arising out of the division or insolvency of any business, partnership, corporation a or other business entity of such party, whether.