The screenplay by David Boehm is a remake of the Barbara Stanwyck film Illicit (1931), both crediting a story (actually a play)[2] by Edith Fitzgerald and Robert Riskin.

The film focuses on a pair of lovers, commercial illustrator Helen Bauer (Bette Davis) and advertising writer Don Peterson (Gene Raymond), who have been living together quite happily (in separate apartments) for some time.

Her predictions of trouble—increased by the stresses of opening their own advertising agency—come true, but in the end, with the serendipitous intervention of their perpetually inebriated friend, Van (Frank McHugh), they reconcile and resume the mixed blessings of wedded bliss.

They form a business partnership, but financial problems at their advertising agency put a strain on the marriage and Don begins seeing Peggy Smith (Kay Strozzi), one of his married clients.

When Don discovers Helen is dating his business rival, playboy Nick Malvyn (Monroe Owsley), he returns to Peggy, but in reality his heart belongs to his wife.