Create a Customized cohabiting agreement

This template was prepared by: Aklima Bibi, Aklima Bibi

Instructions

It is useful to have full informaiton to hand regarding current and any likely FUTURE arrangment plans in order to avoid any disputes afterwards.

Cohabitation Agreement

THIS COHABITATION AGREEMENT (this "Agreement") dated
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of
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of
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WHEREAS:
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Definitions and Interpretation.
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"Effective Date of this Agreement" means
, the date upon which the Parties entered into a cohabitation.
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Effective Date of Agreement.
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Separate Property.
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Do you want to include a list of each party's present assets?
Joint Property.
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Do the First Party and the Second Party have any shared possessions?
Debts.
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Do the First Party and the Second Party have any joint debts?
Common Living Expenses.
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The Common Living Expenses which cannot be paid from said Liquid Assets of the Parties are to be paid from the Separate Property of the Parties in the following percentages:
% by the First Party and
% by the Second Party.
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Gifts.
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Separation and Breakup.
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In the event of breakup, how would you like to divide shared assets?
In the event of the Parties separating, or upon the death of a Party, the First Party will be entitled to
% of the net equity of the jointly owned property and the Second Party will be entitled to
% of the net equity of the jointly owned property, regardless of the initial or ongoing proportion of each Party's investment, unless the Parties have agreed otherwise in writing.
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In the event of a separation, or upon the death of a Party, the First Party will be responsible for
% of all Shared Debts and the Second Party will be responsible for
% of all Shared Debts, regardless of the initial or ongoing proportion of each Party's borrowed amount, unless the Parties have agreed otherwise in writing.
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Do the Parties have any dependent children with each other?
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Do the Parties have any dependent children from past relationships?
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Child Support.
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The Parties acknowledge that hey have following child from their relationship together:
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-
born on
;
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The Parties acknowledge that the Fist Patry has following dependent child from a previous relationship.
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-
born on
;
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The Parties acknowledge that the Second Patry has following dependent child from a previous relationship.
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-
born on
;
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Partner Support.
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Will either Parties provide spousal maintenance in the event of a breakup?
In the event that there is a separation of the Parties, the following will occur regarding spousal support:
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The
shall receive support in the
amount of
+ In Words
Add condition to the support
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Severance.
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Miscellaneous.
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Force Majeure.
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Notwithstanding the preceding, in the event such Force Majeure continues for a period of
consecutive months, either party shall have the right, but not the obligation, to serve a written notice on the other terminating this Agreement in full and each shall have no further obligation whatsoever to the other save that Company shall continue to be obliged to make payments of monies due hereunder but not paid at the date of termination.
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Applicable Law.
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Pronouns; Statutory References.
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Interpretation.
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References to this agreement.
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Exhibits.
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Severability.
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Cooperation.
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Paragraph Headings.
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Counterparts.
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Entire Agreement.
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Aklima Bibi | Aklima Bibi
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