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Living Together Contract
"I need a Living Together Contract for a couple where one partner owns a successful tech startup and has significant pre-existing assets, while the other partner will be managing the household; we need clear terms about financial contributions and property rights."
1. Parties: Full legal names, addresses, and contact information of both parties entering into the living together agreement
2. Background: Brief context about the parties' relationship, intention to live together, and purpose of entering into this agreement
3. Definitions: Clear definitions of key terms used throughout the agreement
4. Duration of Agreement: Specifies when the agreement becomes effective and its term
5. Living Arrangements: Details about shared residence, including address and living expectations
6. Financial Arrangements: Comprehensive outline of how routine expenses, utilities, and daily living costs will be shared
7. Property Rights: Clear designation of separate and joint property, including assets owned before cohabitation
8. Bank Accounts: Details about joint and separate bank accounts, including management and access rights
9. Household Responsibilities: Division of household duties and responsibilities
10. Relationship Status: Clear statement that the agreement does not constitute marriage or create any rights associated with marriage
11. Dispute Resolution: Process for resolving disagreements, including mediation procedures
12. Termination: Conditions and process for ending the agreement
13. Governing Law: Specification that the agreement is governed by Indian law
1. Children: Include if there are existing children or plans for children, covering custody and support arrangements
2. Pets: Include if the couple has or plans to have pets, covering ownership and care responsibilities
3. Business Interests: Include if either party owns a business or if there are joint business ventures
4. Medical Decisions: Include if parties wish to grant each other medical decision-making rights
5. Insurance: Include if parties wish to specify arrangements regarding life, health, or property insurance
6. Intellectual Property: Include if either party has significant intellectual property rights
7. Religious Observances: Include if parties wish to address religious practices or obligations
8. Social Media and Privacy: Include if parties wish to establish guidelines about sharing relationship details on social media
1. Schedule A - Asset Inventory: Detailed list of each party's separate assets at the time of agreement
2. Schedule B - Joint Property Inventory: List of jointly owned property and agreed-upon ownership percentages
3. Schedule C - Financial Obligations: Detailed breakdown of shared expenses and payment responsibilities
4. Schedule D - Household Items: Inventory of household items and their ownership status
5. Appendix 1 - Proof of Ownership: Copies of property titles, vehicle registrations, and other ownership documents
6. Appendix 2 - Financial Statements: Current financial statements of both parties
7. Appendix 3 - Identity Documents: Copies of identity documents of both parties
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