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More and more couples are deciding to live together without tying the knot. In such cases, entering into a Cohabitation Agreement may be a good idea. A Cohabitation Agreement is a legal agreement between a couple who have chosen to live together but remain unmarried. The purpose of the agreement is to specify each party’s rights and obligations as a result of their relationship and in the event of a future breakdown in the relationship.
Marriage contracts are commonly referred to as Pre-nuptial Agreements or simply, “Pre-nups”.
Ideally, they should be negotiated, drafted and signed well before your intended date of marriage. The last thing you want to be thinking about just before your wedding is who gets what if we break up. However, for those of you who do not get around to getting one signed before the wedding, don’t worry; one can be signed after your wedding date.
A Separation Agreement is a legal agreement made between separating spouses, or common law partners, in an effort to resolve property, support, or parenting issues.Due to the fact that these issues can be quite complicated, they can have a major and long-term impact on your rights and obligations. Therefore, consulting with a lawyer to assist with the drafting and review of the Agreement is a wise idea.
SETTING ASIDE DOMESTIC CONTRACTS
Often when parties have marriage contracts in place and they attempt to have them set aside, they may argue that specific clauses were not clear enough or they did not understand their consequences when signing the contract. In these situations, the Court must look for an interpretation that is in accordance with the parties’ intention at the time the contract was signed.