They must recognize their legal obligations to comply with the agreement, as the treaty is applicable. If there is a binding contract between the parties and, if so, what conditions depend on what they have agreed. Statements can be made before the drafting of the contract, there may be misunderstandings that undermine the legally binding nature of the treaty. Second, one of the parties could mislead its opponent (knowingly or not) with respect to a fact, the state of the situation or the length of the contract. We always inform our clients that agreements should be developed by a lawyer who specializes in this aspect of family law in order to minimize the potential for legal challenge and, if applicable, annulled. Compelling financial agreements (BFA) are “financial” agreements used in family law. They are often commonly referred to as pre-marriage or marriage contracts. BFA are concluded before, during a marriage or a de facto relationship or after a marriage or a de facto relationship. In the event of good execution, a legally binding agreement is enforceable in the courts. Parties may claim damages if one of the parties does not meet the requirements of the treaty. The difference between binding and non-binding contracts is important so that you can be as informed as possible when signing your next legal document.