A Cohabitation Contract serves as a crucial legal framework for unmarried couples choosing to live together in the United States. This document becomes particularly important given the varying recognition of common law marriage across different states and the lack of automatic legal protections for unmarried couples. The contract typically addresses property division, financial responsibilities, inheritance rights, and dispute resolution mechanisms. It provides clarity and legal certainty in areas where statutory protections may be limited or non-existent for non-married partners.
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1. Parties: Identification and details of the cohabiting partners
2. Background: Context of the relationship and reason for the agreement
3. Definitions: Key terms used throughout the agreement
4. Property Rights: Division of existing and future property ownership
5. Financial Obligations: Shared expenses, individual responsibilities, and financial arrangements
6. Termination: Process for ending the agreement and relationship
1. Children: Rights and responsibilities regarding children, used when parties have or plan to have children
2. Pets: Ownership and care responsibilities for pets, used when parties have shared pets
3. Business Interests: Division of business assets/interests, used when parties share business ventures
4. Healthcare Decisions: Medical decision-making rights, used when parties want to grant healthcare powers
1. Schedule A - Property Inventory: List of individually owned property brought into cohabitation
2. Schedule B - Joint Property: List of jointly owned property and agreed-upon ownership percentages
3. Schedule C - Financial Accounts: List of individual and joint financial accounts
4. Schedule D - Debt Schedule: List of individual and shared debts and obligations
5. Appendix A - Household Budget: Detailed breakdown of shared expenses and contributions
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