Cohabitation agreements have become increasingly popular in recent years, as more and more couples choose to live together without getting married. These agreements can provide a legal framework for the couple`s relationship, and help to protect both parties in case of a breakup or other dispute.
If you`re considering a cohabitation agreement, you may be wondering what it should include. Here`s an example of what a basic cohabitation agreement might look like:
1. Introduction
The agreement should begin with an introduction that states the purpose of the document and identifies the parties involved (i.e. the couple).
2. Financial matters
This section should outline how the couple will handle financial matters while living together. This might include how expenses will be split, who will pay for what, and how joint accounts will be managed. It`s also a good idea to include provisions for what will happen if one party loses their job or falls ill and is unable to contribute financially.
3. Property rights
The couple should agree on how they will handle property while living together. This might include specifying who owns what property going into the relationship, and what will happen to jointly-purchased property if the relationship ends. It`s also a good idea to include provisions for how property will be divided in case of the death of one party.
4. Dispute resolution
This section should outline how the couple will handle disputes that may arise during the course of their relationship. This might include agreeing on a third-party mediator or arbitrator, or simply stating that the couple will make an effort to resolve disputes amicably.
5. Termination
Finally, the agreement should include provisions for how the relationship will be terminated if necessary. This might include specifying how much notice must be given before one party moves out, or how property will be divided if the couple decides to split up.
Of course, this is just a basic example of what a cohabitation agreement might include. Depending on the couple`s individual circumstances, the agreement may need to be more detailed or include additional provisions. Working with an attorney experienced in family law and cohabitation agreements can help ensure that the agreement is tailored to your specific needs and provides the necessary legal protections.