Domestic Partnership Agreement Template

This Domestic Partnership Agreement (the "Agreement") is entered into on   (the "Effective Date") by and between

 , an individual having their usual place of living at   (the "Partner 1"), and

 , an individual having their usual place of living at   (the "Partner 2"), collectively referred to as the "Parties" and individually as the "Party".

WHEREAS the Parties are in a committed domestic partnership and desire to establish the rights, obligations, and responsibilities that govern their relationship;

NOW, THEREFORE, in consideration of mutual promises and obligations and upon other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties have agreed as follows:

SUBJECT OF THE AGREEMENT. The Parties confirm that they live together and share a common domestic life (the "Partnership") and that their domestic partnership began on   (the "Start Date").

DIVISION OF INCOME AND PROPERTY. Individual property refers to assets owned solely by each Partner before the Start Date or acquired during the Partnership through separate means, such as inheritance, gifts, or personal investments (the "Individual Property").
It is clear that the Individual Property may include but is not limited to real estate, vehicles, bank accounts, investments, and personal belongings acquired independently. Each Partner retains sole ownership and control over their Individual Property and shall not be subject to division or claims by the other Partner.

From the Start Date, the purchased property and income shall be divided as follows:

DEBTS. Both Parties shall disclose any existing liabilities, debts, or financial obligations they have incurred before or during the Partnership. Individual debts may include but are not limited to personal loans, credit card balances, student loans, and any other liabilities that are solely attributable to each Partner individually. Both Partners shall maintain transparency and provide accurate information about their debts, including outstanding balances, repayment schedules, and any related financial obligations.

DIVISION OF HOUSEHOLD AND LIVING EXPENSES. The Partners agree to share the responsibility for household and living expenses during the Partnership. Shared expenses may include but are not limited to rent or mortgage payments, utility bills (electricity, water, gas, etc.), groceries, home maintenance, and other agreed-upon costs associated with maintaining the shared residence.

The Partners' contribution shall be made as follows: an equal split of household and living expenses, with each Partner covering 50 % of the costs.

The Partners agree to adjust shared expenses from time to time based on their respective annual incomes and financial capabilities. 

Each Partner shall be responsible for their expenses, including personal bills, subscriptions, and discretionary spending not associated with shared living costs. Individual expenses shall be solely the responsibility of the Partner incurring them, and the other Partner shall not be obligated to contribute financially to these expenses.

ADDITIONAL FINANCIAL ARRANGEMENTS. Each Partner shall be responsible for their tax obligations, including filing income tax returns, accurately reporting their income, and paying applicable taxes. The Partners shall not be responsible for each other's tax liabilities unless otherwise required by law.

INHERITED PROPERTY. Inherited property refers to any assets, real estate, or other possessions one Partner has received through inheritance, bequest, or devise before or during the domestic Partnership. The inherited property includes but is not limited to monetary inheritances, land, houses, vehicles, jewelry, and any other items inherited individually. Each Partner acknowledges that inherited property is considered the sole and separate property of the individual who received it. The Partner who inherited the property retains full ownership and control over their inherited assets and shall not be subject to division or claims by the other Partner. Both Partners agree to respect and acknowledge the significance of each Partner's inherited property. The other Partner shall not be held responsible or liable for any debts, obligations, or legal matters related to the inherited property of their Partner unless otherwise explicitly agreed upon in writing.

TERM AND TERMINATION OF THE AGREEMENT. The Agreement shall be legally enforceable as of the Effective Date and shall remain in effect until terminated following the provisions outlined below or by mutual written agreement of the Partners.

Either Partner may terminate the Agreement by providing a  -day written notice to the other Partner, sufficiently given if delivered personally or by certified mail, return receipt requested, to the address set forth in the opening paragraph or to such other address as one Partner may have furnished to the other in writing, or to the email addresses set forth below:

The Agreement may be terminated by operation of law, court order, or other circumstances recognized by applicable legal provisions. In the event of termination by legal action or circumstances, the Partners shall comply with any court orders or legal requirements governing the dissolution of the Partnership.

The Partners shall make a good faith effort to divide any shared assets, debts, or financial responsibilities equitably as agreed upon or ordered by a court.

GOVERNING LAW AND DISPUTE RESOLUTION. This Agreement shall be governed by and interpreted in accordance with the laws of the State of  , and any disputes arising out of or in connection with this Agreement shall be exclusively resolved by the courts of the State of  . 

SEVERABILITY. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement.

ENTIRE AGREEMENT. This Agreement represents the entire understanding between the Partners and supersedes any prior oral or written agreements.

AMENDMENTS. This Agreement may be amended or modified only by a written agreement signed by both Partners. Any amendments to this Agreement shall be binding only if they are written and signed by both Partners.

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.