A domestic partnership agreement is a legal document that outlines the terms and conditions of a relationship between two people who live together but are not married. The agreement covers various aspects of the partnership, including property rights, financial responsibilities, and other obligations.
Creating a domestic partnership agreement is a wise decision for anyone who wants to protect their interests and ensure that their rights are respected. If you are considering drafting such an agreement, the following sample domestic partnership agreement can serve as a useful reference:
1. Purpose of the Agreement
The purpose of this domestic partnership agreement is to establish the rights and obligations of both parties in the partnership. The agreement covers essential aspects such as financial responsibilities, property ownership, and other obligations that may arise during the partnership.
2. Duration of the Partnership
The partnership established by this agreement shall continue until termination by either party, death, or marriage, whichever comes first.
3. Responsibilities and Obligations
Both parties agree to share equally the responsibilities and obligations of the partnership. This includes financial obligations such as living expenses and taxes, as well as other commitments such as household chores and child-rearing responsibilities.
4. Property Rights
All property acquired by either party before or during the partnership will be considered the separate property of that party. Any property acquired jointly during the partnership will be owned equally by both parties. In the event of separation, both parties will have the right to an equal share of all jointly owned property.
5. Termination of Agreement
Either party may terminate this agreement at any time by providing written notice to the other party. In the event of termination, all jointly owned property will be divided equally between the parties.
This sample domestic partnership agreement is not a legal document and should not be used as a substitute for professional legal advice. It is recommended that you consult with a qualified attorney before entering into any legal agreement. However, this sample provides a useful framework for drafting a domestic partnership agreement that is tailored to your specific needs. By taking the time to create a well-crafted domestic partnership agreement, you can protect your interests and ensure that your rights are respected throughout your partnership.