Cohabitation Agreement
This is an agreement made between partners in a common law relationship who aren’t married. Most couples use cohabitation agreements to determine how their property will be treated if they ever separate. The agreement automatically becomes a Marriage Contract when common-law partners eventually get married.
The main difference between a cohabitation agreement and a prenuptial agreement is that a cohabitation agreement is for unmarried couples, whereas a prenuptial agreement is for married couples.
Cohabitation agreements cannot be used to make any provisions for parenting time or child support, these things can only be decided if a separation occurs and not at the start of a relationship.
These agreements are most commonly used to protect both partners’ separate property, debt, and income to ensure one partner does not make claims on the other’s assets. These agreements can also help lay out how debts are divided between the couple.
A typical law relationship is between two persons who are not married to each other but have lived together for at least three years or who are in a relationship and the parents of a child. For documents as important as this one, getting a lawyer to help draft an agreement is essential so everything is covered and nothing is missed. You can start brainstorming how you and your partner would like to divide things, such as property division, spousal support, inheritance, pensions, and debts.
Our primary focus is always on achieving your goals and addressing your concerns. To discuss your circumstances and learn about the options available to you, please contact us for a free consultation today.