What is a Partnership Agreement?

A partnership agreement (also known as cohabitation agreement) is an agreement between two unmarried people who live together as partners. In Minnesota, a valid cohabitation agreement must be written and signed by both parties and is enforceable regardless of the sex of the parties.

Cohabitation agreements can be utilized to protect the financial interests of each party in the event of a breakup and to grant the couple some of the protections and rights typically obtained through marriage. The agreement may govern such issues as child custody, parenting time, property division and end-of-life decisions.

Whether you and your partner cannot marry or choose not to, a cohabitation agreement can provide you with peace of mind, ensuring your wishes are followed in the event of a dissolution of your relationship or of your or your partner’s incapacitation or death.

For more information, please contact the Minneapolis family law attorneys at Banas Family Law.