Common Law Partner Agreements have become increasingly important in England and Wales as more couples choose to cohabit without marriage. This document provides a framework for managing shared assets, finances, and responsibilities while protecting both parties' interests. The agreement is particularly crucial as English law doesn't recognize 'common law marriage,' making such agreements essential for establishing clear rights and obligations. Common Law Partner Agreements typically address property ownership, financial contributions, debt management, and separation procedures, offering security and clarity for both parties.
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1. Parties: Identification and details of both partners
2. Background: Context of the relationship and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Property Arrangements: Details of shared property ownership and rights
5. Financial Arrangements: Management of joint finances and separate assets
6. Termination: Circumstances and process for ending the agreement
1. Children: Parental responsibilities and arrangements for existing or future children
2. Pets: Ownership and care arrangements for shared pets
3. Business Interests: Management of shared business interests and ventures
4. Inheritance Provisions: Specific arrangements for inheritance between partners
1. Schedule of Assets: Detailed list of individual and joint assets owned by the partners
2. Schedule of Properties: Details of all properties owned separately or jointly by the partners
3. Financial Schedule: Breakdown of financial contributions and arrangements between partners
4. Independent Legal Advice Certificates: Confirmation certificates that both parties received independent legal advice
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