You can agree to divide the property in the center if you separate. This is something that may not be provided for by law apart from the development of this concubine contract. You don`t need a lawyer to make a concubine agreement. But it`s a very good idea for each of you to get your own legal advice before signing one. Concubine agreements can be made to reflect a couple`s unique financial relationship. For common law spouses who choose to be financially independent, the agreement may provide that each party is responsible for its own financial support and has the rights to its own property. Do you want to create a concubine agreement in Ontario so that you do not share property? This is different from a marriage contract used before marriage. · Because finances are managed during living together or after separation, common law partners generally do not share property when they separate. You may want to change this by agreeing to divide property in a concubine agreement. For example, you might want to divide property as if you were married, even if you don`t really want to get married. A concubibinage agreement is a written document that you and your common law partner can create before or during your life together.
It`s a kind of domestic contract that tells how you`re going to handle problems while you`re together or at the end of your relationship. Although it can be signed at any time during the relationship, we recommend that an unmarried couple sign a concubine contract before moving together. Otherwise, it may be more difficult to have financial discussions if the relationship progresses. The terms of a concubine agreement provide each party with assurances on issues such as: What cannot be included in a concubine agreement in Ontario? In Ontario, the law allows unwarried cohabiting partners to enter into a form of contract commonly known as a domestic contract. These agreements are specifically called “concubine agreements” if the partners do not marry. They are called “Marriage Contracts” [or “pre-Nups” in the United States] if the partners plan to marry in the near future….