Are prenuptial agreements enforceable in Michigan?

Adam Keilen Contract Law

Short answer. Yes. In Michigan, when a “prenuptial agreement is clear and unambiguous; changed circumstances do not render its enforcement unfair and unreasonable. Accordingly, the agreement should be enforced.” Reed v. Reed, 53 Mich. App. 625 (2005). Prenuptial agreements often come up with respect to inherited assets and trusts; they are often times grounded in realistic expectations and mutual respect, …

What are some of the most common drafting mistakes that you see in contracts?

Adam Keilen Contract Law

Short answer. Litigation often involves scrutinized arguments over forum, dispute resolution, and limitation of liability clauses. Bottom line, these provisions are vital and often get glazed over without enough thought and consideration, thus, glazing over these provisions is a common drafting error, small provisions that make a big difference. Forum selection clause: the parties agree that litigation arising out of …

What is Legal Consideration (Contract Law)?

Adam Keilen Contract Law

Why does Consideration matter? A valid contract must have consideration, or a valid substitute. If a contract lacks consideration, the court might not uphold the agreement. What is Consideration? Consideration is a legal detriment, meaning something that was bargained for or given in exchange for a promise, in other words, “this for that.” Higgins v Monroe Evening News, 404 Mich …