A relationship agreement, sometimes also known as a partnership or cohabitation agreement, is a legally binding document that outlines the terms and expectations of a committed relationship. While it may seem unromantic to create such an agreement, it can actually be a beneficial tool for ensuring both partners feel comfortable and secure in the relationship.
To ensure that your relationship agreement covers all the important aspects, consider including the following:
1. Financial Responsibilities: One of the most important aspects of a relationship agreement is how finances will be handled. This should include details on how expenses will be divided, who will pay for what, and how joint accounts will be managed.
2. Property Ownership: If you and your partner own property, it is important to clarify who owns what and how it will be distributed in the event of a separation or death.
3. Living Arrangements: If you are cohabiting, it is important to outline the terms of living together, including expectations around sharing household chores and responsibilities.
4. Health and Safety: Your agreement should include details on how healthcare will be managed, including who is responsible for insurance and medical decisions. It should also cover safety concerns, such as how disputes will be resolved and how to handle situations of domestic violence.
5. Dispute Resolution: To avoid legal battles in the event of a separation, your agreement should outline how disputes will be resolved. This may include mediation or arbitration, rather than going to court.
6. Childcare: If you have children together or plan to in the future, your agreement should cover how they will be cared for and financially supported.
7. Social Media and Privacy: In today`s digital age, it is important to consider how social media and privacy will be managed. This may include guidelines on sharing photos or personal information, or how to handle privacy breaches.
In conclusion, a relationship agreement can provide clarity and peace of mind for both partners. By including the above considerations, you can help ensure a happy and healthy partnership for years to come.