Cohabitation Agreement
Nature and effect
Arrangements that will apply while they are living together and rights on the breakdown of the relationship
Can deal with ownership of property, finances, children and other matters
Best not to include trivial or personal matters ie. housework, bedroom
Amendments
Unequal contribution- but own as joint tenants: suggest tenants in common with unequal shares, benefit to children in previous relationship
One side pay all mortgage and outgoings
Formatting
Drafting on hypothetical situation is pre-mature ie. children (and court will see children’s welfare as most important)
Recitals: independent legal advice (enforceability), disclosure, details on property (payment, intended use)
Dispute resolution clause: go into arbitration
Deed
Recital- independent legal advice/ FFD/ costs of purchase
Cl 1- Ok but credit higher %
Cl 2-6- check instructions e.g. JT/ TIC and %
Cl 7- Ok, re-number
Cl 8- Re-number and refer to clause 2/ instructions
Cl 9-12- check instructions
Cl 13- Ok?
Cl 14- not binding and premature
Cl 15- omit- goes to legal intention
Missing
Recitals as above
Pensions
Insurance
Wills/ LPAs
Agreement as to PR
% share on sale or valuation mechanism to include non-financial contributions?
Review clause
Schedules
Duncan: capital, income, pension, sole contents
Emma: capital, income, pension
Joint contents
Enforceability and validity once signed
Timings- sign after moved in to avoid argument ie. undue influence: I only signed it because she would refuse to move in
TOLATA
Issues to be considered re validity:
Illegality on grounds of public policy- try to avoid
Undue influence
Intention to create legal relations
Certainty
consideration
...
Ambitious and intelligent students
choose Oxbridge Notes.
©2024 Oxbridge Notes. All right reserved.