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A Basic Overview of Prenuptial Agreementsan agreement made between two people before marrying that establishes rights to property and support in the event of divorce or death. A pre-nuptial agreement, or prenup, is an agreement entered into by a couple - preferably in good time before a marriage - which sets out how assets will be. A prenuptial agreement is a type of contract created by two people before entering into marriage. This contract could outline each party's responsibilities.