Precisely two years after saying “I do,” Jennifer Lopez formally declared “I do not,” submitting divorce papers from Ben Affleck at the Los Angeles County Superior Court on Aug. 20. Based on documents obtained by TMZ, Lopez waived her declare to spousal assist and requested that Affleck be denied the identical.
We cannot dive into the non-public causes they break up up, however it’s value noting that an inside supply advised NBC News that the couple didn’t have a prenuptial settlement. Which means that any cash earned by Affleck or Lopez since their July 2022 marriage is group property. This may increasingly or will not be some extent of competition within the proceedings, however it serves as a superb reminder for anybody coming into a enterprise partnership that, as not-so-nice as it’d really feel in the intervening time, it’s best to have your authorized bases coated earlier than you formally start.
Associated: Jennifer Lopez Thinks Latina Entrepreneurs Are Undervalued
“You might assume {that a} handshake will suffice however that will not minimize it, particularly if there are disagreements or one celebration needs out,” wrote serial founder Mike Kappel for Entrepreneur. Kappel strongly suggests assembly with an legal professional and formalizing a partnership agreement that spells out the next:
- How every accomplice might be compensated and the way typically.
- The roles and obligations of every accomplice.
- Your exit technique if a number of events need out of the partnership.
- What occurs if one accomplice dies?
These aren’t nice eventualities, and most partnerships start with enthusiasm and pleasure. However circumstances change and life will be unpredictable.
“As what you are promoting adjustments, your roles might change. You might wish to deliver in additional companions or change the phrases in some unspecified time in the future. It is a good suggestion to periodically take a recent look and ensure the settlement is up-to-date,” writes Kappel. “A partnership will be a good way to launch what you are promoting. With the best personalities, a humorousness, cautious planning and a little bit of luck, your partnership generally is a nice success.”