Wife’s Debts Sample Clauses

The "Wife’s Debts" clause defines the responsibility for debts incurred by the wife, typically clarifying whether such debts are to be considered separate or joint obligations within the context of a marriage or divorce agreement. In practice, this clause may specify that any debts the wife acquires before or during the marriage remain her sole responsibility, or it may outline how such debts are to be divided between the spouses. Its core function is to allocate financial responsibility for liabilities, thereby preventing disputes over debt repayment and ensuring both parties understand their obligations.