A Cohabitation Agreement For Married Couples is designed for married couples who wish to clearly document their financial arrangements and living conditions during their marriage. This agreement is particularly relevant in England and Wales, where courts may consider such arrangements when making financial orders in divorce proceedings. The document typically includes provisions for property ownership, financial contributions, household expenses, and asset management. While not as commonly used as prenuptial or postnuptial agreements, it provides clarity and certainty for couples who wish to maintain clear financial boundaries while married. The agreement must comply with legal requirements including full financial disclosure and independent legal advice for both parties.
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1. Parties: Identification and details of both spouses entering the agreement
2. Background: Context of the agreement, including marriage date and current living arrangements
3. Definitions: Key terms used throughout the agreement
4. Property Ownership: Details of how the family home and other properties are owned and managed
5. Financial Arrangements: Details of joint and separate finances, including bank accounts and investments
6. Household Expenses: Agreement on how regular household expenses are shared
7. Duration and Review: Term of the agreement and circumstances for review
8. Governing Law: Confirmation that the agreement is governed by English and Welsh law
1. Children: Arrangements regarding children - include when the couple has children
2. Pets: Arrangements for pet ownership and care - include when the couple has pets
3. Business Interests: Protection of business assets and income - include when either party owns a business
4. Inheritance: Treatment of inherited assets - include when either party has received or expects significant inheritance
5. Debts: Management of existing debts and future liabilities - include when either party has significant debt
1. Schedule 1: Asset Schedule: Detailed list of all assets owned by both parties
2. Schedule 2: Property Details: Details of all properties owned including title numbers
3. Schedule 3: Financial Disclosure: Full financial disclosure from both parties
4. Appendix A: Certificates of Independent Legal Advice: Signed certificates confirming both parties received independent legal advice
5. Appendix B: Property Valuations: Current market valuations of properties
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