Cohabitation Agreements
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As with any important relationship, whether it be personal or business, it is imperative that the terms of the relationship be detailed in advance. As a former corporate attorney, it would be unheard of for my client to enter into any sort of partnership without first clearly defining the terms of the relationship. Cohabitating partners are no different.
A carefully crafted cohabitation agreement allows cohabitating parties to clearly define expectations and prevent uncertainty in the future. In the event the cohabitation between parties ends, without a cohabitation agreement, the ending of the relationship can pose issues and conflicts just as complex as a marriage. Unfortunately, married parties have more automatic protections afforded to them under the law than cohabitating parties. Through this contract, for minimal cost, both parties can protect themselves in the end maintain their own assets and protect themselves from their partner’s debts. |
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Rita, January 2016...posted on Avvo
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