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Cohabitation Property Agreement
"I need a Cohabitation Property Agreement for a couple where one partner owns multiple properties and runs a business, while the other is moving in with minimal assets; the agreement should clearly define separate property rights and establish a fair framework for future joint acquisitions."
1. Parties: Identification and details of the cohabiting partners entering into the agreement
2. Background: Context of the relationship, intention to cohabit, and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Duration and Commencement: Start date of the agreement and terms of continuation
5. Property Rights and Ownership: Declaration of existing separate property ownership and rights
6. Joint Property: Terms governing jointly acquired property during cohabitation
7. Financial Arrangements: Day-to-day financial responsibilities and contributions to household expenses
8. Bank Accounts: Management of joint and separate bank accounts
9. Debts and Liabilities: Handling of existing and future debts, individual and joint liabilities
10. Dispute Resolution: Process for resolving disagreements about property and financial matters
11. Termination: Circumstances and process for terminating the agreement
12. Property Division on Separation: Process and principles for dividing property if the relationship ends
13. Governing Law: Specification that the agreement is governed by Indian law
14. Severability: Clause ensuring remainder of agreement stays valid if any part is found unenforceable
15. Entire Agreement: Confirmation that this document represents the complete agreement between parties
1. Business Ownership: Terms regarding any shared business interests or ventures - include if parties own or plan to own business together
2. Inheritance Rights: Specific provisions about inheritance - include if parties wish to address inheritance matters
3. Gifts and Loans: Treatment of significant gifts or loans between parties - include if substantial gifts/loans are involved
4. Pets and Personal Property: Arrangements for pets and valuable personal items - include if parties have pets or significant personal property
5. Religious or Cultural Considerations: Specific provisions related to religious or cultural practices - include if relevant to the parties
6. Children: Provisions regarding existing children or future children - include if parties have or plan to have children
7. Insurance and Medical Care: Arrangements for insurance policies and medical care - include if parties wish to address healthcare matters
8. Intellectual Property Rights: Protection of individual intellectual property - include if either party has significant IP assets
1. Schedule A - Separate Property Inventory: Detailed list of each party's separate property owned prior to cohabitation
2. Schedule B - Joint Property Inventory: List of property owned jointly at the time of agreement
3. Schedule C - Financial Disclosure: Current financial status of each party including assets and liabilities
4. Schedule D - Household Expenses: Breakdown of household expenses and agreed contribution proportions
5. Schedule E - Valuable Items: List of specific valuable items and their agreed ownership
6. Appendix 1 - Supporting Documents: Copies of property titles, bank statements, and other relevant documents
7. Appendix 2 - Proof of Independent Legal Advice: Certificates of independent legal advice received by each party
Authors
Cohabitation
Parties
Separate Property
Joint Property
Shared Residence
Household Expenses
Financial Contribution
Domestic Relationship
Effective Date
Termination Date
Property Rights
Movable Property
Immovable Property
Bank Account
Joint Account
Individual Account
Income
Gifts
Personal Effects
Inherited Property
Business Assets
Intellectual Property
Liabilities
Debts
Force Majeure
Independent Legal Advice
Maintenance
Material Change
Separation
Dispute
Mediation
Arbitration
Confidential Information
Fair Market Value
Regular Income
Investment Property
Common Household
Living Expenses
Emergency Expenses
Capital Asset
Pre-existing Assets
Future Acquisitions
Shared Liability
Individual Liability
Supporting Documents
Applicable Law
Property Rights
Financial Obligations
Joint Property
Separate Property
Living Arrangements
Household Expenses
Bank Accounts
Asset Division
Termination
Dispute Resolution
Confidentiality
Severability
Governing Law
Amendments
Notice
Force Majeure
Representations and Warranties
Independent Legal Advice
Entire Agreement
Registration
Binding Effect
Compliance with Law
Property Management
Financial Disclosure
Default
Remedies
Indemnification
Assignment
Survival
Relationship Status
Property Acquisition
Maintenance
Insurance
Debt Management
Asset Protection
Death and Inheritance
Legal Services
Real Estate
Financial Services
Property Management
Family Services
Wealth Management
Professional Services
Insurance
Banking
Legal
Real Estate
Property Management
Compliance
Document Processing
Family Law
Wealth Advisory
Risk Management
Client Services
Lawyer
Legal Counsel
Property Lawyer
Family Law Specialist
Real Estate Agent
Financial Advisor
Wealth Manager
Property Manager
Legal Document Specialist
Paralegal
Notary Public
Estate Planner
Family Court Judge
Mediator
Legal Document Drafter
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