The Living Together Separation Agreement is essential for unmarried couples in England and Wales who are ending their cohabitation arrangement. This document becomes particularly important as cohabiting couples lack the same legal protections as married couples under current legislation. It provides clarity on the division of assets, financial arrangements, and responsibilities, helping to prevent future disputes. The agreement should be drafted with independent legal advice for both parties and requires full financial disclosure to ensure its enforceability.
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1. Parties: Details of the separating parties including full names, addresses and other relevant identifying information
2. Background: History of cohabitation, including start date, living arrangements, and reasons for separation
3. Definitions: Key terms used throughout the agreement including defined terms for property, assets, and other important concepts
4. Property Division: Detailed agreement on division of shared property and assets, including the family home and personal possessions
5. Financial Settlement: Comprehensive details of financial arrangements between parties, including any ongoing payments or settlements
6. Mutual Release: Parties' agreement to release each other from future claims and obligations
1. Children Arrangements: Details of custody, access, and maintenance arrangements for shared children
2. Pets: Arrangements for pet custody, care responsibilities and associated costs
3. Business Interests: Division of shared business interests, including ownership, management and profit sharing arrangements
4. Debt Division: Agreement on handling shared debts, including mortgages, loans and credit card debts
1. Schedule of Assets: Comprehensive list of shared assets and their agreed division, including valuations where appropriate
2. Schedule of Properties: Details of any properties owned jointly or separately, including ownership status and agreed arrangements
3. Financial Disclosure Schedule: Complete financial disclosure from both parties including income, assets, liabilities and pensions
4. Children's Arrangements Schedule: Detailed parenting plan including contact arrangements, holidays and special occasions
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