This form is a generic example of a cohabitation agreement between two unmarried adults living together who desire to remain unmarried at this time.
Title: Wisconsin Cohabitation Agreement Between Parties Living Together but Remaining Unmarried: Explained Introduction: A cohabitation agreement is a legal document that outlines the rights, responsibilities, and obligations of two individuals living together in a committed relationship without being married. In Wisconsin, cohabitation agreements provide important legal protection for unmarried couples, ensuring clarity and security in various aspects of their cohabitation. Types of Wisconsin Cohabitation Agreements: 1. Basic Cohabitation Agreement: This is a comprehensive contract that covers various aspects of the couple's relationship, including property division, financial arrangements, debt allocation, rights to joint assets, health care decisions, and child-related matters (if applicable). It acts as a safeguard in case the relationship ends or disputes arise. 2. Property Ownership Agreement: Sometimes known as a "Buyers Agreement" or "Property Agreement," this type of cohabitation agreement addresses the ownership and division of properties acquired jointly or individually during the cohabitation. It clearly defines each partner's rights to the property in the event of separation or death. 3. Child Custody and Support Agreement: For unmarried couples with children, a cohabitation agreement can establish parental rights and responsibilities, child custody arrangements, visitation schedules, and child support obligations. This agreement ensures the well-being of the child and provides a legal framework for resolving any potential disputes regarding child-related matters. Key Components of a Wisconsin Cohabitation Agreement: 1. Financial Arrangements: The agreement should cover financial aspects, such as how bills, rent/mortgage, and expenses will be shared, as well as the division of assets and debts upon separation. 2. Property Ownership and Division: Clearly specify the ownership of property, whether acquired jointly or individually, and outline the division of such property in case of a breakup or death. 3. Health Care Decision-making: Establish the rights and responsibilities of each partner regarding medical decisions and health care directives, including powers of attorney, end-of-life decisions, and access to medical records. 4. Child-related Matters: If applicable, outline custody and visitation arrangements, child support obligations, and other parental rights and responsibilities. 5. Dispute Resolution: Include a provision for dispute resolution, such as mediation or arbitration, to facilitate the resolution of conflicts and avoid costly legal battles. Conclusion: A Wisconsin Cohabitation Agreement Between Parties Living Together but Remaining Unmarried is a vital legal tool that provides unmarried couples with clarity and protection in various aspects of their cohabitation. By addressing property division, finances, child-related matters, and other key considerations, this agreement allows couples to navigate their relationship confidently and equitably, contributing to a stronger and more secure foundation for their future together.
