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Cohabitation Agreement: Define Legal Rights for Unmarried Couples Living Together
A Cohabitation Agreement is a legal contract between unmarried couples who live together that establishes property rights, financial responsibilities, and other important arrangements. Creating this document provides clarity and protection for both parties if the relationship ends.
Your Cohabitation Agreement made in Bind will include:
Party Information
This section identifies both individuals entering into the agreement, including their full names and current addresses.
Purpose
This part clearly states that the parties have chosen to live together and wish to define their rights and obligations regarding shared living arrangements, property ownership, and financial matters.
Financial Contributions
This section outlines how the parties will share expenses such as rent, utilities, and other household costs, including specific percentage contributions and payment methods.
Household Responsibilities
This part details how the parties will divide household chores, pet care, and maintenance responsibilities for their shared home.
Children
This section addresses arrangements for children, including joint decision-making about upbringing and education, and establishes a framework for handling custody and support in case of separation.
Debts
This part clarifies that each person remains solely responsible for their individual debts while establishing shared responsibility for joint debts.
Separation
This section outlines what will happen if the relationship ends, including timelines for vacating shared residences, division of property, and financial arrangements.
Property Ownership
This part distinguishes between jointly owned assets and individually owned property, establishing how these will be divided if the relationship ends.
Modification and Termination
This section specifies circumstances that would automatically end the agreement, such as marriage or death of either party.
Independent Legal Advice
This part confirms that both parties have had the opportunity to seek independent legal advice before signing the agreement.
Severability
This section ensures that if any part of the agreement is found to be unenforceable, the rest remains valid.
Dispute Resolution
This part establishes a process for resolving disagreements, typically starting with discussion and mediation before legal action.
Governing Law and Jurisdiction
This section allows you to select which country's or state's laws will govern the agreement and where any legal proceedings would take place if disputes arise.
With Bind, you can electronically sign this document and request signatures from your partner in just minutes online. Having a clear cohabitation agreement provides security and peace of mind for both parties by eliminating uncertainty about financial responsibilities and property rights. This legal protection is especially important for unmarried couples who don't have the same automatic legal protections that married couples enjoy.
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