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Cohabitation Agreement For Married Couples
"I need a Cohabitation Agreement For Married Couples to protect my business assets and establish clear financial boundaries, as my spouse and I both own separate companies and will be moving into a jointly-owned property in Hong Kong by March 2025."
1. Parties: Identifies the married couple entering into the agreement, including their full legal names, addresses, and occupations
2. Background: Sets out the context of the agreement, including the fact of marriage, date of marriage, and intention to regulate their living arrangements
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Living Arrangements: Details the agreed arrangements for shared living space and any properties involved
5. Financial Arrangements: Establishes how routine expenses, bills, and living costs will be shared between the parties
6. Property Rights: Clarifies ownership rights over existing and future-acquired property during the cohabitation
7. Bank Accounts: Specifies arrangements for joint and individual bank accounts and financial management
8. Household Responsibilities: Outlines the division of household duties and responsibilities
9. Dispute Resolution: Sets out the process for resolving any disputes that may arise under the agreement
10. Duration and Termination: Specifies how long the agreement will last and circumstances for termination
11. Governing Law: Confirms that Hong Kong law governs the agreement and its interpretation
12. General Provisions: Includes standard legal clauses such as severability, entire agreement, and amendments
1. Business Interests: Required when either party owns a business or the parties have joint business interests to protect
2. Inheritance Rights: Needed when parties wish to specifically address inheritance matters in relation to their cohabitation
3. Children: Required when the couple has or plans to have children, addressing arrangements for their care and financial support
4. Pets: Needed when the couple has pets to address ownership and care responsibilities
5. Insurance: Required when parties wish to specify arrangements regarding life, health, or property insurance
6. Intellectual Property: Needed when either party has significant intellectual property rights to protect
7. Cultural or Religious Observances: Required when specific cultural or religious practices need to be acknowledged and respected in the living arrangement
1. Schedule 1: Property Inventory: Detailed list of all properties owned by either party at the time of agreement
2. Schedule 2: Financial Contributions: Breakdown of agreed financial contributions from each party towards household expenses
3. Schedule 3: Personal Effects: Inventory of significant personal belongings and their agreed ownership
4. Schedule 4: Household Items: List of shared household items and their ownership status
5. Schedule 5: Bank Accounts: Details of all relevant bank accounts and their management arrangements
6. Appendix A: Household Budget: Detailed monthly/annual budget for shared expenses
7. Appendix B: Property Documents: Copies of relevant property ownership documents and titles
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