What is a marriage contract?
A marriage contract in Thailand is an agreement between two people before they get married. A marriage contract in Thailand usually lists all the assets and debts that each person owns. In addition, it specifies what property rights each spouse will have after the marriage. A marriage contract can only take this form in Thailand and must be related to the property system between husband and wife or the way property is managed during the marriage. A marriage contract cannot remove the legal system of property between spouses, but it can change the management of certain joint property.
Moreover, according to article 1465 of the Civil Code, when the spouses have not, prior to their marriage, concluded a specific agreement concerning their property, the relations between them with regard to their property are governed by the law. Whereas, if the spouses have previously entered into a contract, the relationship between them with respect to their property shall follow the terms and conditions defined by the agreement.
Why make a marriage contract?
The prenuptial agreement in Thailand by listing the assets of each party could avoid property disputes in case of divorce. The parties will not have to prove what they have brought into the marriage, because it is stated in the deed. Upon divorce in Thailand, all property must be removed from the marriage and the joint property must be divided equally. According to article 1474 of the Civil and Commercial Code, if there is any doubt whether a property is personal or common property, it is assumed to be common property between husband and wife, unless proven otherwise. Therefore, it must be proven that the property is personal. If the proof of personal property is contained in an agreement, the division will be much simpler and fairer. Indeed, without an agreement, the parties will have to agree on the owner of the property, and if they cannot agree, the judge will have to decide.
The second advantage of a marriage contract is the right to manage certain marital property. The marriage contract can give one of the spouses the exclusive right to manage the common property.
How to draw up a marriage contract?
Under the Thai Civil and Commercial Code, there are several requirements for a marriage contract in Thailand to be valid:
➤ The contract must be in writing and registered in the local district where the parties decide to register their marriage |
➤ The parties must sign the Thai prenuptial agreement in the presence of two witnesses before the marriage is registered |
➤ Both parties understand the contents of the contract and sign it before the marriage |
➤ The clauses included in the contract are not contrary to good morals or the law |