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Commitment Agreement For Relationships
"I need a Commitment Agreement For Relationships drafted for a Canadian couple where one partner owns a successful business and significant property assets, and we want to ensure clear separation of business assets while establishing fair shared living arrangements starting March 2025."
1. Parties: Identification and details of both partners entering into the agreement
2. Background: Context of the relationship and purpose of entering into this agreement
3. Definitions: Key terms used throughout the agreement
4. Nature of Relationship: Definition of the committed relationship and mutual expectations
5. Cohabitation Arrangements: Details about living arrangements and shared residence
6. Financial Responsibilities: Division of expenses, financial contributions, and management of joint finances
7. Property Rights: Treatment of property owned before and acquired during the relationship
8. Debts and Liabilities: Handling of existing and future debts, joint and individual liabilities
9. Dispute Resolution: Process for resolving disagreements and conflicts
10. Termination: Circumstances and process for ending the agreement or relationship
11. Governing Law: Specification of applicable Canadian provincial law
12. Entire Agreement: Statement that this document represents the complete agreement between parties
1. Children: Arrangements regarding existing children or future children, used when either party has or plans to have children
2. Pet Care: Arrangements for pet ownership and care, included when the couple has or plans to have pets
3. Business Interests: Protection and management of business assets, used when either party owns a business
4. Inheritance Rights: Specific provisions about inheritance, used when parties want to address estate planning
5. Support Obligations: Provisions for financial support in case of relationship breakdown, optional based on parties' preferences
6. Religious Observances: Agreements about religious practices and observances, included when relevant to the couple
7. Health Care Decisions: Authority for medical decisions, included when parties want to address health care rights
8. Intellectual Property: Protection of intellectual property rights, used when either party has significant IP assets
1. Schedule A - Financial Disclosure: Detailed list of each party's assets, liabilities, and income
2. Schedule B - Property Inventory: Comprehensive list of shared and individual property
3. Schedule C - Household Expenses: Breakdown of shared household expenses and responsibility allocation
4. Schedule D - Personal Items: List of significant personal items and their agreed ownership
5. Appendix 1 - Certificate of Independent Legal Advice: Confirmation that each party received independent legal advice
6. Appendix 2 - Relationship Values and Principles: Statement of shared values and relationship principles
7. Appendix 3 - Lifestyle Arrangements: Specific arrangements for lifestyle choices and daily living
Authors
Legal Services
Family Law
Financial Services
Estate Planning
Wealth Management
Professional Services
Real Estate
Insurance
Legal
Family Law
Document Processing
Client Relations
Wealth Management
Estate Planning
Alternative Dispute Resolution
Professional Services
Administrative Support
Family Lawyer
Legal Counsel
Notary Public
Family Law Paralegal
Estate Planning Attorney
Financial Advisor
Family Mediator
Relationship Counselor
Legal Document Specialist
Family Law Partner
Legal Administrative Assistant
Wealth Management Advisor
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