What are the requirements for a premarital agreement to be valid under UPAA?

A valid premarital agreement under the Uniform Premarital Agreement Act (UPAA) must meet specific requirements to ensure its enforceability. Full disclosure of each party's financial circumstances is crucial, allowing both parties to make informed decisions. Fairness is important to prevent one side from being unduly burdened or taken advantage of based on the agreement's terms. Additionally, the agreement must be voluntary, meaning that neither party should feel coerced or pressured into signing. This combination of full disclosure, fairness, and voluntariness ensures that both parties enter the contract with an understanding of their rights and responsibilities, leading to a more equitable relationship regarding financial matters.

The other options do not encompass the core requirements dictated by the UPAA. While notarization may be involved, it is not a definitive requirement for validity under the act. Similarly, witness signatures and court approval are not necessary conditions under the UPAA, nor is a mutual consent and verbal agreement considered sufficient for a premarital agreement to be legally binding in most jurisdictions.