This bill amends New Jersey's statute regarding palimony agreements by removing the requirement that such agreements must be made with the advice of counsel for both parties. Specifically, it deletes the clause stating that a written promise in a non-marital personal relationship is not binding unless it was made with independent legal counsel. This change allows individuals to enter into written palimony agreements without the necessity of legal representation, thereby increasing accessibility for those who may not be able to afford counsel.

The bill is a response to the New Jersey Supreme Court's ruling in *Moynihan v. Lynch*, which deemed the requirement for legal advice unconstitutional, citing violations of substantive due process and individual autonomy. By codifying this decision, the bill aligns state law with the court's interpretation and reflects recommendations from the New Jersey Law Revision Commission. The act is set to take effect immediately upon passage.