Why have a Cohabitation agreement?
There may be no dispute, but some clients wish to draw up a cohabitation agreement to clarify the ownership of shared assets. Whether there is or is not an agreement in place, you should seek practical advice and legal assistance after a relationship has broken down in order to clarify entitlement.
Four out of five people believe that cohabiting couples have the same rights as married couples. However, this is not true. The law is in a constant state of change as courts wrestle with adapting the law to modern society. Currently there is no specific legislation providing for cohabitees’ rights and often a party is left disadvantaged as a result. Couples keen to avoid this legal minefield should consider a cohabitation agreement to protect themselves and their assets.