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Why Make A Cohabitation Agreement?
To cohabit means to live together without any legal
documentation binding you to do so.
A cohabitation agreement is designed for couples wishing
to live together and regulate their finances in order
to protect themselves from unnecessary cost and litigation
should their cohabitation break down. It will bind both
of you legally to the terms of the agreement.
Some parts of the agreement can be overturned by a
court is you have children. This agreement assumes that
if a child is born during cohabitation the party with
the larger amount of capital will provide support to
the child whether the child is resident with them or
not. This of course would depend on the amount of capital
available to the non-resident parent.
The agreement also assumes that unless you have specified
otherwise in this agreement or in another written documentation
that you intend all assets to be divided equally.
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