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Cohabitation Agreement For Unmarried Partners
"I need a Cohabitation Agreement For Unmarried Partners in the Philippines that protects my pre-existing business assets and establishes clear guidelines for our jointly owned properties, including our newly purchased Manila condo and shared investment portfolio that we plan to build starting January 2025."
1. Parties: Identification and details of both cohabiting partners
2. Background: Context of the relationship and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Living Arrangements: Details of shared residence and housing responsibilities
5. Financial Arrangements: Day-to-day financial responsibilities and expense sharing
6. Property Rights: Treatment of separate and jointly acquired property during cohabitation
7. Bank Accounts: Management of individual and joint accounts
8. Debts and Liabilities: Handling of existing and future debts
9. Dispute Resolution: Process for resolving disagreements
10. Termination: Circumstances and process for ending the agreement
11. Division of Property: Process for dividing assets upon termination
12. Governing Law: Confirmation of Philippine law application
13. Signatures: Execution and witnessing requirements
1. Children: Arrangements regarding existing or future children (if applicable)
2. Pets: Arrangements for pet ownership and care (if applicable)
3. Business Interests: Treatment of shared business ventures or investments (if applicable)
4. Insurance: Arrangements regarding life, health, or property insurance
5. Medical Decisions: Authority for medical decision-making in emergencies
6. Inheritance Rights: Clarification that the agreement does not create inheritance rights
7. Vehicle Ownership: Arrangements regarding jointly owned vehicles
8. Intellectual Property: Treatment of intellectual property created during cohabitation
9. Religious Observance: Agreements regarding religious practices and observances
1. Schedule A - Property Inventory: Detailed list of each partner's separate property at the time of agreement
2. Schedule B - Financial Disclosure: Current financial status of each partner including assets and liabilities
3. Schedule C - Household Expenses: Breakdown of shared household expenses and contribution ratios
4. Schedule D - Proof of Independent Legal Advice: Certificates from respective lawyers confirming independent legal advice
5. Appendix 1 - Shared Property Register: Ongoing register for recording jointly acquired property
6. Appendix 2 - Dispute Resolution Procedures: Detailed procedures for handling disputes
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