help me break down in 5 paragraphs this part: (4)CONTENT.

(a)Parties to a premarital agreement may contract with respect to:

1.The rights and obligations of each of the parties in any of the property of either or both of them whenever and wherever acquired or located;

2.The right to buy, sell, use, transfer, exchange, abandon, lease, consume, expend, assign, create a security interest in, mortgage, encumber, dispose of, or otherwise manage and control property;

3.The disposition of property upon separation, marital dissolution, death, or the occurrence or nonoccurrence of any other event;

4.The establishment, modification, waiver, or elimination of spousal support;

5.The making of a will, trust, or other arrangement to carry out the provisions of the agreement;

6.The ownership rights in and disposition of the death benefit from a life insurance policy;

7.The choice of law governing the construction of the agreement; and

8.Any other matter, including their personal rights and obligations, not in violation of either the public policy of this state or a law imposing a criminal penalty.

(b)The right of a child to support may not be adversely affected by a premarital agreement.