The prenuptial document (Prenup) under The Matrimonial Property Act is an agreement made by parties to an intended marriage and which establishes the property and financial rights of each spouse in the event of a divorce. It sets out the terms of ownership of assets, how to treat future earnings between the parties, control of the property and how the properties will be divided in the unfortunate event of a divorce. This agreement on its own takes precedence over other principles of subdividing matrimonial property.