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Complete Home & Office Legal Guide
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Complete Home and Office Legal Guide (Chestnut) (1993).ISO
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2100a.ws
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1993-08-01
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WHEREAS, ________________ and ___________, intend to reside
together in the future;
and, WHEREAS, they desire to affix their respective rights
and liabilities that may result from this joint residency;
and, WHEREAS, they have fully and completely disclosed to one
another their current financial status including assets and
liabilities;
and, WHEREAS, they each have had an opportunity to consult
with separate counsel of their own choice or such other advisor
as each independently wishes to consult;
they now agree:
Each party shall maintain separate banking accounts, and neither
party shall have the right to the proceeds of or access to the
same.
That each party waives any claim to palimony or other claim for
support resulting from said joint residency.
That when they reside together, and by such action in no way are
they to be considered as married by the common law or otherwise
shall they occupy the status of being married.
That should they purchase assets in joint names, the same shall
be considered as held in tenancy in common. Each party shall
contribute from their own income and resources one-half of the
upkeep, taxes, and other fees or charges on such property. In the
event that one party fails to pay as agreed, and such the other
party contribute in excess of one-half, the excess contribution
shall be chargeable to the proceeds if any upon resale of the
property, and such excess contribution shall bear interest at the
legal rate of interest then in effect.
The parties hereto waive any claim against the estate of the other
party, save and except:
Any excess contribution to jointly acquired assets;
Any promissory notes executed by one party to the other;
Any judgment entered in the favor of one party against the other;
provided however, that should either party voluntarily and freely
make a devise or other bequest to the other in their will, the
recipient shall be entitled to the same.
Further this relationship was not premised upon or created by the
promise of a devise or bequest from their estate.
Other than property purchased in the parties joint names each
party waives any claim to assets acquired by the other party
before, during or after this period of co-habitation.
Other than debts validly contracted for services or materials or
otherwise related to joint property of the parties, if any,
neither party shall have the right to obligate, act for, contract
for or represent the other party.
The parties shall apportion the necessary and jointly agreed
living expenses as follows:
_______________ shall contribute ___ per cent
_______________ shall contribute ___ per cent
Should either party be temporarily unable to contribute, the sums
may be advanced. However, after advances totaling $ _____ the
same will be considered to be gifts and any obligation to adjust
accounts shall cease unless a promissory note is executed
therefor.
This is the full agreement of the parties and there are no
agreements other than those stated herein. This agreement shall
only be modified by a writing executed by both parties hereto.
**** READ CAREFULLY AS THIS IS A LEGALLY BINDING AGREEMENT****
**** SHOULD THE PARTIES SUBSEQUENTLY MARRY THIS AGREEMENT SHALL BE
NULL AND VOID FROM THAT POINT****
DATED: ____________________________
___________________________________________
___________________________________________