Cohabitation Agreement
Legal contract for unmarried couples living together outlining financial and property arrangements.
Detailed Explanation
A Cohabitation Agreement is a contract between two unmarried individuals who live together. It outlines how they will share expenses, debts, and assets while living together and how these will be divided if the relationship ends. This agreement is crucial for protecting individual property rights and clarifying financial expectations, as unmarried couples generally do not have the same legal protections as married couples regarding property division and support.