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Legal Cohabitation Agreement
"I need a Legal Cohabitation Agreement for a Philippine-based couple where one partner owns a successful business and significant pre-existing assets, while the other partner will be moving into their property in March 2025; the agreement should particularly focus on protecting business assets while ensuring fair arrangements for shared living expenses."
1. Parties: Identification and details of both parties entering into the cohabitation agreement
2. Background: Context of the relationship and purpose of entering into the agreement
3. Definitions: Clear definitions of key terms used throughout the agreement
4. Duration of Agreement: Specification of when the agreement takes effect and conditions for termination
5. Living Arrangements: Details of shared residence and living arrangements
6. Financial Arrangements: Management of shared expenses, individual financial responsibilities, and joint accounts
7. Property Rights: Division of property acquired before and during cohabitation, referring to Article 147 of the Family Code
8. Debts and Liabilities: Handling of existing and future debts, joint and individual liabilities
9. Dispute Resolution: Process for resolving disagreements and conflicts
10. Termination Provisions: Procedures and arrangements in case of relationship breakdown or death
11. Governing Law: Confirmation that the agreement is governed by Philippine law and relevant statutes
1. Children and Dependents: Arrangements for existing children or future children, including financial responsibilities and living arrangements
2. Business Interests: Protection and management of business assets owned by either party
3. Healthcare Decisions: Authorization for medical decisions and healthcare responsibilities
4. Pets and Animals: Arrangements for pet ownership and care responsibilities
5. Religious and Cultural Practices: Agreements regarding religious observance and cultural practices
6. Inheritance Rights: Specific provisions for inheritance in case of death, beyond statutory rights
7. Insurance Arrangements: Agreements regarding life, health, and property insurance policies
8. Intellectual Property Rights: Protection of individual intellectual property created during cohabitation
1. Schedule A - Property Inventory: Detailed list of all properties owned by each party prior to cohabitation
2. Schedule B - Joint Assets: Inventory of assets acquired or to be acquired jointly during cohabitation
3. Schedule C - Financial Disclosure: Complete financial disclosure from both parties including assets, liabilities, and income
4. Schedule D - Household Budget: Agreed monthly/annual budget and expense sharing arrangement
5. Schedule E - Debt Schedule: List of existing debts and liabilities of each party
6. Appendix 1 - Dispute Resolution Procedures: Detailed procedures for handling disputes, including mediation protocols
7. Appendix 2 - Property Division Guidelines: Specific guidelines for property division in case of separation
Authors
Cohabitation
Common Property
Separate Property
Effective Date
Living Expenses
Joint Account
Individual Account
Shared Residence
Personal Effects
Household Goods
Financial Contribution
Non-Financial Contribution
Termination Date
Separation
Force Majeure
Gross Misconduct
Confidential Information
Business Day
Property Rights
Joint Liability
Individual Liability
Material Change
Dispute
Mediation
Governing Law
Income
Assets
Liabilities
Living Arrangements
Duration
Living Arrangements
Property Rights
Financial Obligations
Separate Property
Common Property
Joint Expenses
Bank Accounts
Debt and Liabilities
Household Responsibilities
Personal Obligations
Confidentiality
Dispute Resolution
Termination
Death Provisions
Severability
Amendment
Entire Agreement
Governing Law
Force Majeure
Notices
Representation and Warranties
Indemnification
Assignment
Relationship of Parties
Property Division
Binding Effect
Registration
Acknowledgment
Legal Services
Real Estate
Family Services
Financial Services
Insurance
Property Management
Social Services
Wealth Management
Professional Services
Legal
Family Law
Private Client Services
Real Estate
Compliance
Document Processing
Client Relations
Advisory Services
Risk Management
Lawyer
Legal Counsel
Family Law Attorney
Paralegal
Legal Assistant
Notary Public
Real Estate Agent
Financial Advisor
Wealth Manager
Family Counselor
Social Worker
Property Manager
Insurance Agent
Estate Planner
Legal Document Specialist
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