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Prenuptial Agreement
An agreement made before marriage that defines each partner’s ownership rights in the other partner’s property. Prenuptial agreements must be in writing to be enforceable.
Postnuptial Agreement
A written agreement made between spouses after marriage, outlining the distribution of assets in the event of divorce or separation.
Business Assets
Resources owned by a business, considered valuable and necessary for its operations and growth, which can be tangible or intangible.
Eminent Domain
The power of the state to expropriate private property for public use, with compensation for the property owner.
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