A cohabitation or prenuptial agreement in Alberta is a legal agreement that a couple enters into before or during their marriage or cohabitation. The agreement outlines the rights and obligations of each partner in the relationship and specifies how assets and property will be divided in the event of a separation or divorce.
In Alberta, these agreements can cover a wide range of issues, including the division of property, spousal support, and child support. They can also include provisions for the care and upbringing of any children from the relationship.
To be legally binding, a cohabitation or prenuptial agreement in Alberta must be in writing and signed by both parties. Each party should have independent legal advice before signing the agreement to ensure that their rights and interests are protected.
These agreements can be helpful for couples who want to establish clear guidelines and expectations for their relationship and protect their assets and property in the event of a separation or divorce.
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