Contracts
Equitable distribution refers to the fair division of marital property between spouses during divorce proceedings, ensuring that both parties receive a just share of the assets acquired during the marriage. This concept recognizes the contributions of both partners, whether financial or non-financial, and seeks to address any disparities that may arise in asset ownership. It aims for fairness rather than an equal split, taking into account various factors like the length of the marriage, economic circumstances, and each party's contribution.
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