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What is a marriage contract?

A marriage contract is a legal agreement between two married persons, or two persons who intend to be married. A marriage contract affords some degree of flexibility in deciding property division and support if (or when, in the case of death) the marriage ends. In Ontario, spouses who do not have a marriage contract will be subject to the default regime of “equal division of property” imposed by the Family Law Act on most family property.

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