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Cohabitation Agreement After Divorce
"I need a Cohabitation Agreement After Divorce for a situation where both parties are business owners with significant assets from previous marriages, and we want to ensure clear separation of business interests and protection of existing assets while sharing a residence in Mumbai from March 2025."
1. Parties: Identification of the cohabiting partners, including their full legal names, addresses, and marital status
2. Background: Context of the agreement, including acknowledgment of previous divorces and current intention to cohabit
3. Definitions: Key terms used throughout the agreement, including 'Shared Residence', 'Separate Property', 'Joint Property', etc.
4. Purpose and Intent: Statement of the parties' intentions in entering the agreement and acknowledgment of legal status
5. Duration of Agreement: Commencement date and term of the agreement, including any renewal provisions
6. Living Arrangements: Details of shared residence, housing costs, and maintenance responsibilities
7. Financial Arrangements: Management of day-to-day expenses, joint accounts, and bill payments
8. Property Rights: Clear distinction between separate and joint property, including assets from previous marriages
9. Maintenance Obligations: Financial support arrangements during cohabitation, if any
10. Relationship Breakdown: Procedures and arrangements in case of relationship termination
11. Dispute Resolution: Process for resolving disagreements, including mediation provisions
12. Governing Law: Confirmation that the agreement is governed by Indian law
1. Children: Arrangements regarding children from previous marriages or future children, if applicable
2. Healthcare Decisions: Rights and responsibilities regarding medical decisions for each other
3. Insurance Arrangements: Provisions for life, health, or property insurance
4. Business Interests: Protection of business assets and income if either party owns a business
5. Inheritance Rights: Specific provisions regarding inheritance, particularly relevant if parties wish to protect children's inheritance from previous marriages
6. Religious Observances: Agreements regarding religious practices and observations, if relevant to the parties
7. Pets: Arrangements regarding ownership and care of pets
8. Intellectual Property: Protection of intellectual property rights if either party has significant IP assets
1. Schedule A - Asset Inventory: Detailed list of each party's separate assets, including those from previous divorce settlements
2. Schedule B - Shared Property: List of jointly owned or acquired property during cohabitation
3. Schedule C - Financial Obligations: List of existing financial obligations, including those from previous marriages
4. Schedule D - Household Expenses: Breakdown of shared household expenses and contribution ratios
5. Schedule E - Previous Divorce Orders: Summary of relevant provisions from previous divorce orders that may affect this arrangement
6. Appendix 1 - Financial Disclosures: Sworn financial statements from both parties
7. Appendix 2 - Legal Advice Certificates: Certificates confirming independent legal advice received by each party
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