Resolution’s Cohabitation Agreements is an essential tool to create binding cohabitation agreements including property, disclosure, gifts, business interests, provision and support, life insurance, mortgage payments, and costs. It contains useful checklists of what to include, as well as importantly what not to include, to make the agreement enforceable.
Detailed footnotes set out the case law, legislation and practical pointers so that individual agreements are used with care and in context.
What is a Cohabitation Agreement?
A Cohabitation Agreement is a set of precedent clauses designed to enable a cohabiting couple’s property and finances and future financial support issues to be pulled together in one binding document.
What do these precedents do?
Used correctly, they should provide an all-encompassing agreement which addresses all matters the couple have agreed upon and which is binding and therefore enforceable as a contract.
How to use them
The agreement is available in print and as an electronic template which allows individual clauses to be adopted on a bespoke basis for your clients, or for you to generate the entire precedents template to be tailored accordingly. Clients details can be input into the template to flow into the specific clauses.
Contractually binding
Cohabitation Agreements has been drafted so as to be binding. It is to be executed as a deed, witnessed and requires no consideration.
USE OF AGREEMENTS
The agreement includes a banner warning that the document creates legal obligations that determine rights in relation to the family home and other financial issues. It is important that parties do not sign an agreement unless they understand it and intend to be bound by its terms. Clients must be made aware of this, and for this reason Resolution does not advise that these Agreements are used or signed without seeking independent legal advice.
Contents include:
- Heading
- Recital: Independent advice
- Recital: Intention to create legal relations
- Recital: Agreement freely entered into
- Recital: Disclosure
- Recital: Agreement not to disclose information
- Recital: Terms of this agreement
- Recital: Impact of marriage or civil partnership on agreement
- Recital: Separate income
- Recital: Definition of net proceeds of sale
- Agreement: To retain control of real and personal property
- Agreement: Ownership of pre-acquired personal property to remain unchanged
- Agreement: Future personal property – owned/acquired jointly
- Agreement: Joint use of personal property
- Agreement: Future personal property – acquired separately
- Agreement: Gifts
- Agreement: Re business interests during cohabitation
- Agreement: Re joint interests and employment on termination – limited company
- Agreement: Re joint interests and employment on termination – partnership
- Agreement: Re debts
- Agreement: To make provision/not make provision on death
- Agreement: Obligation to support during cohabitation
- Agreement: To make lifetime gifts
- Agreement: Lasting power of attorney
- Agreement: Bank and building society accounts – joint
- Agreement: Bank and building society accounts – maintain separate accounts
- Agreement: Credit/store cards
- Agreement: The car – owned by one party
- Agreement: The car – joint ownership
- Agreement: The car – provision by one party
- Agreement: Pension and death-in-service benefits
- Agreement: To take out or assign, and maintain, a life assurance policy
- Agreement: Living expenses
- Agreement: Mortgage payments
- Agreement: Ownership and occupation of the property – one party’s sole name
- Agreement: The property – declaration of equal ownership
- Agreement: The property – unequal shares
- Agreement: The property: whether cost of repairs/improvements should have no impact on share
- Agreement: Further provisions about the property
- Agreement: Replacement property
- Agreement: Joint property – option to buy out the other’s share
- Agreement: To sell
- Agreement: Responsibility for tax on sale/transfer
- Agreement: Obligation to support post-separation
- Agreement: Financial support for children post-separation
- Agreement: Terminating events
- Agreement: Variation of this agreement
- Review clause
- Agreement: Mediation/collaboration/arbitration in the event of a dispute
- Agreement: Costs
- APPENDICES – Statements of financial and personal disclosure
- Execution clause
Once purchased, you can access the online agreements on our Online orders and agreements site.
You can also purchase the agreements in other formats:
Online-only from £99
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Members Price £150
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Non-members Price £ 224