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Each party should have their own lawyer review the agreement to ensure it properly protects their financial interests. This is an important step in the process, as it helps to ensure that the agreement is fair and legally binding.

A cohabitation agreement can include all sorts of dispositions, as long as they are in agreement with the law. The document can be notarized or done through private signature. It's recommended to get it notarized, however, as it will be harder to contest and will remain preciously inscribed in the notary's minutes.

In Ontario, Canada, two people are considered common law partners if they have been continuously living together in a conjugal relationship for at least three years. If they have a child together by birth or adoption, then they only need to have been living together for one year.

A cohabitation agreement should be completed before a couple moves in together, but definitely before they reach the two-year anniversary of living together in BC. Having this agreement will outline how things will be divided if there is a separation. This can include family property, debts, and spousal support.

The terms of a cohabitation agreement provide assurances to each party on matters such as: rights to share in the other's property; support obligations to each other; and. entitlement to share in the other's estate on death.

Ontario law enables unmarried, or common-law spouses who plan to live together or in fact live together to enter into an agreement known as a cohabitation agreement. A cohabitation agreement provides for the rights and obligations each spouse will have as a result of their relationship.