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Cohabitation Agreements
A cohabitation agreement is a legally binding contract entered into by two people who either are or are about to start living together, and sets out their financial obligations to one another. This can be as simple as setting out how the proceeds of sale of a property will be divided if the relationship ends, or as complicated as a lengthy document addressing all aspects of a couple’s financial life together such as contributions towards outgoings.
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An agreement might:
- Deal with how much each partner will contribute towards household expenses
- Clarify the ownership of expensive items, such as cars or jewellery
- Set out how a shared property would be dealt with in the event of separation
- Deal with gifts and inherited assets
The aim of a cohabitation agreement is to reduce the uncertainty that can exist when a couple sharing a home separately.
At Arlingsworth Solicitors our family law solicitors regularly draft and advise on cohabitation agreements and can deliver a bespoke solution tailored to the specifics of your family situation.
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