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Living Together Contract Template for India

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Key Requirements PROMPT example:

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."

Document background
The Living Together Contract has become increasingly relevant in modern Indian society as more couples choose cohabitation outside of marriage. This document provides legal structure and protection for such relationships, particularly important given India's limited statutory framework for live-in relationships. The agreement covers crucial aspects such as property rights, financial responsibilities, and dispute resolution mechanisms, while adhering to Indian contract law principles and relevant Supreme Court guidelines. It's especially vital for protecting both parties' interests in major urban centers where live-in relationships are more common, and can help prevent future legal complications regarding property division, maintenance rights, and household responsibilities. The document should be drafted with consideration of local customs, relevant state laws, and recent judicial precedents regarding cohabitation in India.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Authors

Alex Denne

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

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