A Financial Agreement can be made by parties, whether it be before, during or even after separation or divorce. Such an agreement can also be made before parties are married. Such agreements deal with how property is to be dealt with upon separation of the parties and also with how parties are to be maintained.
In this case, it is a strict legal requirement that both parties obtain independent legal advice in relation to the Agreement. This is to ensure that both parties are fully aware of the consequences of the Agreement and of what rights, if any, that they might be giving away.