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Notarial Cohabitation Agreement
"I need a Notarial Cohabitation Agreement for a couple where one partner owns a successful business and significant pre-existing assets, while the other partner plans to quit their job in March 2025 to help manage the business; we need clear provisions about business involvement and asset protection."
1. Parties: Identification and details of the cohabiting partners entering into the agreement
2. Background: Context of the relationship, intention to cohabit, and purpose of the agreement
3. Definitions: Key terms used throughout the agreement, including property classifications and relationship status definitions
4. Duration and Nature of Cohabitation: Specified period or indefinite term of cohabitation and acknowledgment of the non-marital nature of the relationship
5. Property Rights and Division: Classification and division of property (pre-owned, jointly acquired, and future acquisitions) in accordance with Articles 147/148 of the Family Code
6. Financial Arrangements: Agreement on sharing of expenses, joint accounts, and financial responsibilities
7. Household Management: Day-to-day living arrangements, responsibilities, and decision-making processes
8. Separation Provisions: Procedures and arrangements in case of relationship termination
9. Dispute Resolution: Process for resolving disagreements, including mediation requirements
10. Governing Law: Confirmation that the agreement is governed by Philippine law
11. Execution: Signature requirements and notarial acknowledgment
1. Children: Provisions regarding existing or future children, including support and care arrangements - include if either party has or expects children
2. Business Interests: Provisions for handling business ownership and operations - include if either party owns a business or plans to start one
3. Inheritance Rights: Specific provisions about inheritance and estate planning - include if parties wish to address inheritance matters
4. Healthcare Decisions: Authority for medical decisions and healthcare responsibilities - include if parties want to address medical decision-making
5. Pets and Animals: Arrangements for pet ownership and care - include if the couple has or plans to have pets
6. Intellectual Property: Provisions regarding ownership and rights to intellectual property - include for couples in creative or technical fields
1. Schedule A - Existing Assets: Detailed inventory of each party's pre-cohabitation assets
2. Schedule B - Joint Property: List of property agreed to be jointly owned
3. Schedule C - Financial Disclosure: Current financial status of each party including assets, liabilities, and income
4. Schedule D - Household Budget: Agreed allocation of household expenses and financial responsibilities
5. Schedule E - Property Documentation: Copies of property titles, registration documents, and other relevant property papers
6. Appendix 1 - Dispute Resolution Procedures: Detailed procedures for handling disputes and mediation processes
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