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Cohabitation Separation Agreement
"Need a Cohabitation Separation Agreement under South African law for separating partners who jointly own a property and run a small business together, with provisions for dividing both personal and business assets by March 2025."
1. Parties: Full details and domicilium citandi et executandi of both cohabiting partners
2. Background: History of the relationship, including start date of cohabitation, reason for separation, and general intent of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Duration of Cohabitation: Specific dates of cohabitation period and date of separation
5. Termination of Cohabitation: Formal acknowledgment of the end of the relationship and cohabitation arrangement
6. Division of Property: Detailed arrangement for division of jointly owned property and assets
7. Residential Arrangements: Immediate and future living arrangements, including any temporary arrangements during the separation process
8. Financial Settlement: Overall financial settlement terms, including division of joint accounts and handling of shared debts
9. Mutual Release: Release of future claims against each other except as specifically provided in the agreement
10. Confidentiality: Terms regarding privacy and confidentiality of the agreement and relationship details
11. Dispute Resolution: Process for resolving any disputes arising from the agreement
12. General Provisions: Standard contractual clauses including entire agreement, amendment procedures, and governing law
13. Signatures: Execution clause and signature blocks for both parties and witnesses
1. Children: Section covering custody, access, and maintenance arrangements for any children of the relationship
2. Pets: Arrangements for care and custody of shared pets
3. Business Interests: Division or continuation of any shared business interests
4. Ongoing Support: Any voluntary maintenance or support arrangements between the parties
5. Medical Aid: Arrangements regarding medical aid schemes and health insurance
6. Vehicle Arrangements: Specific arrangements for motor vehicles if jointly owned
7. Restraint of Trade: Any business-related restraints or non-compete arrangements
8. Tax Matters: Handling of tax obligations and arrangements
9. Insurance Policies: Arrangements regarding life insurance, household insurance, and other policies
10. Future Contact: Terms regarding future communication and interaction between the parties
1. Schedule A - Asset Register: Comprehensive list of all assets owned jointly or separately, with agreed division
2. Schedule B - Liability Register: List of all joint and several liabilities and their allocation
3. Schedule C - Household Items: Detailed inventory and division of household contents
4. Schedule D - Financial Accounts: List of all joint financial accounts and their disposition
5. Appendix 1 - Property Valuations: Professional valuations of significant assets if applicable
6. Appendix 2 - Child Care Plan: Detailed parenting plan if children are involved
7. Appendix 3 - Business Valuation: Valuation of any shared business interests if applicable
8. Appendix 4 - Debt Settlement Plan: Detailed plan for settling shared debts
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