Jennifer Lopez, Ben Affleck Divorce: Prenuptial Agreement Expert

Precisely two years after saying “I do,” Jennifer Lopez formally declared “I do not,” submitting divorce papers from Ben Affleck at the Los Angeles County Superior Court on Aug. 20. In accordance with documents obtained by TMZ, Lopez waived her declare to spousal help and requested that Affleck be denied the identical.

We cannot dive into the private causes they break up up, however it’s price noting that an inside supply instructed NBC News that the couple didn’t have a prenuptial settlement. Which means any cash earned by Affleck or Lopez since their July 2022 marriage is group property. This will or might not be a degree of rivalry within the proceedings, nevertheless it serves as a very good reminder for anybody coming into a enterprise partnership that, as not-so-nice as it’d really feel in the mean time, it’s best to have your authorized bases lined earlier than you formally start.

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“Chances are you’ll suppose {that a} handshake will suffice however that will not minimize it, particularly if there are disagreements or one occasion needs out,” wrote serial founder Mike Kappel for Entrepreneur. Kappel strongly suggests assembly with an lawyer and formalizing a partnership agreement that spells out the next:

• How every accomplice will probably be compensated and the way usually.
• The roles and tasks of every accomplice.
• Your exit technique if a number of events need out of the partnership.
• What occurs if one accomplice dies?

These are usually not nice situations, and most partnerships start with enthusiasm and pleasure. However circumstances change and life will be unpredictable.

“As your small business modifications, your roles might change. Chances are you’ll wish to convey in additional companions or change the phrases sooner or later. It is a good suggestion to periodically take a contemporary look and ensure the settlement is up-to-date,” writes Kappel. “A partnership will be a good way to launch your small business. With the precise personalities, a humorousness, cautious planning and a little bit of luck, your partnership is usually a nice success.”