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Prenup For Unmarried Couples

Prenup For Unmarried Couples Template for Ireland

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Key Requirements PROMPT example:

Prenup For Unmarried Couples

"I need a Prenup For Unmarried Couples agreement that protects my existing business assets and investments, as my partner and I plan to move in together in March 2025, and I want to ensure my company shares and intellectual property rights remain separate from our joint assets."

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Document background
This Prenup For Unmarried Couples is essential for cohabiting couples in Ireland who wish to establish clear legal and financial arrangements outside of marriage. The document is particularly relevant given the increasing number of couples choosing to cohabit without marriage, and the legal framework provided by the Civil Partnership and Certain Rights and Obligations of Cohabitants Act 2010. It covers crucial aspects including property rights, financial responsibilities, inheritance matters, and dispute resolution procedures. The agreement is especially important as Irish law provides limited automatic rights to cohabiting couples compared to married couples. It should be created before or during cohabitation and requires both parties to receive independent legal advice to ensure validity and enforceability under Irish law.
Suggested Sections

1. Parties: Identification and details of both partners entering into the agreement

2. Background: Current status of relationship, reason for agreement, and acknowledgment of legal advice

3. Definitions: Key terms used throughout the agreement including 'cohabitation', 'shared property', 'separate property'

4. Duration and Application: When the agreement takes effect and circumstances under which it applies

5. Property Rights: Treatment of shared and separate property, including the family home

6. Financial Arrangements: Day-to-day financial responsibilities, joint accounts, bill sharing

7. Relationship Breakdown: Agreed procedures and divisions in case of separation

8. Dispute Resolution: Process for resolving disagreements, including mediation requirements

9. Review and Amendment: Provisions for periodic review and process for making changes

10. Governing Law: Confirmation that Irish law governs the agreement

11. Severability: Statement that if any provision is invalid, others remain effective

12. Execution: Signing requirements and witness provisions

Optional Sections

1. Children: Arrangements for existing or future children - used when couples have or plan to have children

2. Pets: Arrangements for pet ownership and care - included when couples have shared pets

3. Business Interests: Protection of business assets and income - used when either party owns a business

4. Inheritance Rights: Specific provisions about inheritance - important for couples with significant assets

5. Debt Management: Handling of existing and future debts - relevant when either party has significant debt

6. Life Insurance: Requirements for life insurance policies - important for financial security

7. Healthcare Decisions: Rights regarding medical decisions - useful for long-term partners

8. Intellectual Property: Protection of intellectual property rights - relevant for creative professionals or entrepreneurs

Suggested Schedules

1. Schedule A - Asset Schedule: Detailed list of each party's assets at time of agreement

2. Schedule B - Property Details: Specific information about shared and separate properties

3. Schedule C - Financial Disclosure: Current financial status of both parties including income, savings, investments

4. Schedule D - Debt Schedule: List of current debts and liabilities of both parties

5. Schedule E - Shared Household Items: Inventory of jointly owned household items and agreed division

6. Appendix 1 - Certificate of Independent Legal Advice: Confirmation that both parties received independent legal counsel

7. Appendix 2 - Financial Statements: Recent financial statements and tax returns of both parties

8. Appendix 3 - Property Valuations: Professional valuations of significant assets or properties

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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