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Cohabitation agreements are legally binding contracts, provided that they are drafted and executed properly, and are signed as a deed. Unmarried couples who live together can create an agreement called a "living together contract.Should all unmarried couples make an LTC? A cohabitation agreement is a binding contract for parties who live together, are romantically involved, and are not married. Instead of getting married, some Canadian couples choose to live together in a commonlaw partnership. Not all relationships last forever. But the law can help.