Maintenance Agreement for Unmarried Partners: Define Financial Responsibilities After Separation
This Maintenance Agreement is a legally binding document used by unmarried partners to outline how financial support will be managed after a relationship ends. It clarifies who pays what, when, and for how long—ensuring both parties have clear expectations.
Parties and Relationship
Identifies the individuals involved and confirms the existence and duration of their relationship.
Maintenance Payments
Specifies the monthly amount to be paid, the duration (typically 12 months), payment dates, method (bank transfer), and consequences for late payments.
Modification of Terms
Allows both parties to agree in writing to adjust or end the agreement if personal circumstances change.
Termination Events
Lists the situations that will automatically end the maintenance payments—such as remarriage, financial independence, or death of either party.
Tax Considerations
Reminds both parties that maintenance may have tax implications and advises seeking professional advice.
Non-Transferability
Clarifies that the right to receive payments is personal and cannot be transferred to another party.
Governing Law
States that the agreement is governed by the laws of England and Wales.
You can sign this Maintenance Agreement directly in Bind and invite the other party to sign as well. It’s a simple way to protect both individuals with clarity and fairness after a separation.
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