Couples Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Couples Agreement

"I need a Couples Agreement for my partner and me that focuses on our jointly owned property in Hong Kong and our shared business interests, with particular attention to protecting our individual pre-existing assets and establishing clear financial contribution arrangements for our future property investments."

Document background
A Couples Agreement is a crucial legal document used in Hong Kong to establish clear terms and conditions between two individuals in a relationship. This document is particularly relevant for both married and unmarried couples who wish to formalize their arrangements regarding property ownership, financial responsibilities, and personal obligations. The agreement's importance has grown with the increasing complexity of modern relationships and asset structures in Hong Kong's dynamic economic environment. It provides legal clarity and protection for both parties by addressing key aspects such as property rights, financial contributions, inheritance matters, and dispute resolution procedures. The document must comply with Hong Kong's legal framework, including various ordinances such as the Matrimonial Proceedings and Property Ordinance and the Domestic and Cohabitation Relationships Violence Ordinance. This type of agreement is especially relevant in Hong Kong's international context, where couples often have cross-border assets and complex financial arrangements.
Suggested Sections

1. Parties: Identification and details of both parties entering into the agreement

2. Background: Context of the relationship and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Relationship Status: Declaration of the nature of the relationship and living arrangements

5. Financial Arrangements: Day-to-day financial responsibilities and arrangements between the parties

6. Property Rights: Rights and obligations regarding jointly owned or occupied property

7. Separate Property: Declaration and treatment of individually owned assets

8. Dispute Resolution: Process for resolving disagreements between the parties

9. Termination: Circumstances and process for ending the agreement

10. Governing Law: Confirmation of Hong Kong law as the governing law

11. Signatures: Execution block for both parties and witnesses

Optional Sections

1. Children: Arrangements regarding existing or future children, including financial responsibility and care arrangements

2. Pets: Arrangements for the care and ownership of pets

3. Business Interests: Treatment of shared business interests or ventures

4. Inheritance Rights: Provisions regarding inheritance and estate planning

5. Insurance: Arrangements regarding life, health, or other insurance policies

6. Debt Management: Handling of existing and future debts

7. Gifts and Loans: Treatment of significant gifts or loans between parties or from family members

8. Overseas Assets: Provisions for assets held outside Hong Kong

9. Intellectual Property: Rights to intellectual property created during the relationship

Suggested Schedules

1. Schedule 1 - Asset Register: Detailed list of assets owned by each party at the time of agreement

2. Schedule 2 - Financial Disclosure: Current financial position of both parties

3. Schedule 3 - Property Details: Specific details of any shared property or living arrangements

4. Schedule 4 - Regular Financial Commitments: List of ongoing financial obligations and how they are shared

5. Appendix A - Agreed Form Documents: Templates for any notices or documents referenced in the agreement

6. Appendix B - Contact Information: Contact details for both parties and their nominated representatives

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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