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OrphanWilde comments on On private marriage contracts - Less Wrong Discussion
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This disregards the common-law policies on contract; namely, that contracts involving illegal activity are unenforceable. I don't believe most people, libertarian or otherwise, who regard government as the arbiter of contracts, would see such contracts as you mention as -being- enforceable.
A second safety feature in contracts is default, again a common-law policy, which states that contracts -can- be ignored, for a monetary penalty equal to the value of the contract, less the value already attained, by the non-defaulting party.
These two common-law concepts act as necessary safety valves on any potential contract. (They can also be the source of some injustices, however.)
People have strong disagreements about what should and should not be illegal. Libertarian arguments can be used to legalize a lot of activity currently considered illegal. Vladimir_M points out that this argument is used almost exclusively to drive ideological agendas.