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Unlike a traditional prenup, a relationship contract is generally not legally binding, and deals primarily with how to create and maintain a relationship, rather than the financial fallout when one ends.
A cohabitation agreement is a form of legal agreement reached between a couple who have chosen to live together (whether they are heterosexual or homosexual).
Examples Of Relationship Contracts Start by writing, This contract is entered into by and between (YOUR NAME) and (YOUR PARTNER'S NAME). The term of this agreement shall begin on (START DATE) and shall continue through until (END DATE OF TERM). And then list your specific contract items.
Subject Matter of Cohabitation Agreements Some of the aspects of the couple's life together a cohabitation agreement might cover include: The distribution of property in case of death or breakup. Financial support during or after the relationship. The division of the principal residence upon death or breakup.
Most states recognize cohabitation agreements and treat them as if they were ordinary contracts. This means that the agreement is legally binding and imposes a legal duty on each party to adhere to the terms of the agreement. Violations of cohabitation agreements can result in damages or other legal consequences.