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Cohabitation Agreement For Married Couples
"I need a Cohabitation Agreement For Married Couples under Philippine law for a professional couple who both own separate businesses and properties, with specific provisions for maintaining separate business assets while sharing household expenses equally."
1. Parties: Identification and details of both spouses entering into the agreement
2. Background: Context of the marriage, date of marriage, and purpose of creating this cohabitation agreement
3. Definitions: Key terms used throughout the agreement including property classifications, income, and other relevant terminology
4. Duration and Review: Term of the agreement and provisions for periodic review or amendment
5. Living Arrangements: Details of the shared residence and any arrangements regarding multiple properties
6. Financial Arrangements: Management of joint and separate finances, including bank accounts, expenses, and savings
7. Property Rights: Classification and management of conjugal, separate, and acquired properties in accordance with the Family Code
8. Household Expenses: Division and management of regular household expenses and utilities
9. Decision Making: Process for making joint decisions regarding family, financial, and property matters
10. Dispute Resolution: Procedures for resolving disagreements and conflicts
11. Amendment Procedure: Process for making changes to the agreement
12. Governing Law: Confirmation that the agreement is subject to Philippine law and the Family Code
13. Execution: Signing and witnessing requirements
1. Children and Family Planning: Include when the couple wishes to address arrangements regarding existing children or future family planning
2. Business Interests: Include when either or both spouses own businesses or plan to start businesses during the marriage
3. Inheritance and Estate Planning: Include when couples wish to address inheritance rights and estate planning beyond statutory provisions
4. Religious Observance: Include when couples wish to specify arrangements regarding religious practices and observances
5. Overseas Property: Include when either spouse owns property in other countries or plans international investments
6. Extended Family Arrangements: Include when addressing living arrangements or financial support for extended family members
7. Pets and Animal Care: Include when the couple has pets or plans to have pets requiring care arrangements
1. Schedule A - Asset Inventory: Detailed list of all assets owned by each spouse at the time of the agreement
2. Schedule B - Financial Obligations: List of existing debts and financial obligations of each spouse
3. Schedule C - Household Budget: Detailed breakdown of household expenses and contribution arrangements
4. Schedule D - Property Documents: Copies of property titles, deeds, and relevant ownership documents
5. Schedule E - Bank Accounts: List of joint and individual bank accounts and their designated purposes
6. Schedule F - Household Duties: Division of household responsibilities and maintenance duties
7. Appendix 1 - Contact Information: Contact details for important parties, including emergency contacts and professional advisors
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