This agreement can be adapted to suit your particular needs and desires when forming a poly relationship. This is also found under the Materials and Resources section.
if it's ok, i would also like to post something that my wife and i thought was very important to have ready before meeting anyone that was ready for us and this kind of lifestyle. we found this online and revised it to suit us. this is for the protection of me, my wife, and my wife to be. if there is any legal issues or accusations in the future, we hope this will protect us all.
here is what we developed......
NON-MARITAL COHABITATION / LIVING TOGETHER AGREEMENT
AGREEMENT made this __________________ day of _________________, 20___, by and between ________________________________________________, "First Party", and _______________________________________________________, "Second Party. and _______________________________________________________ "Third Party.
WHEREAS the parties are presently residing with each other at ______________________________________________________, have been doing so since _________________________ and intend to continue living together in this arrangement;
WHEREAS the parties desire to affix and define their respective property rights and liabilities arising from their joint residency;
WHEREAS the parties each acknowledge that they enter into this agreement voluntarily, without any duress or undue influence, and that each has had the opportunity to consult with counsel of his/her choice;
THE PARTIES HEREBY AGREE:
1. Marital Status. The joint residency of the parties of the "First" and "Second" part shall in no way render the party of the "Third" part to be married to either the party of the "First" part or "Second" part, by operation of common law or any other operation of law.
2. Consideration. Consideration for this Agreement consists solely of the mutual promises herein contained and the mutual promises of each party to act as the living companion and partner to the other. This Agreement fully contemplates and compensates any and all services provided by any party for the benefit of the other during the course of their joint residency.
3. Disclosure of Current Financial Status. Each party has fully and completely, to the best of his/her knowledge, disclosed to the other parties his/her current financial condition regarding all liabilities.
4. Division of Living Expenses. Necessary and jointly approved living expenses shall be apportioned between the parties as follows:
The parties shall deposit their pro rata contributions monthly into the joint checking account of all three parties. These contributions shall be for the sole purpose of the living expenses incurred and shall be divided equally between all three parties. This joint checking account shall be monitored by all three parties.
5. Separate Property. The parties shall keep the following properties as the separate property of the recipient and said properties shall not be subject to division at the termination of this Agreement:
(a) Individual earnings, salary, wages, bonuses, dividends or royalties acquired before or after the execution of this Agreement;
(b) Individual gifts, bequests, devises or inheritances acquired before or after the execution of this Agreement;
(c) All property, real or personal, owned by a party at the date of execution of this Agreement;
(d) All income or proceeds derived from the aforementioned properties.
6. Joint Property. All property acquired by the parties after the execution date of this Agreement and before the termination of this Agreement and procured jointly with joint resources and funds shall be considered joint property of the parties with each party possessing his/her aforementioned percentage of ownership.
7. Commingling of Property. Absent a reasonable demonstration of sole ownership, where either party commingles joint property with separate property, any commingled property shall be presumed to be joint property of the parties.
8. Division of Property upon Termination. Upon termination of this Agreement or termination of the joint residency, all jointly owned property shall be divided among the parties according to their pro rata share listed above. If the parties are unable to agree on the appropriate division of joint property, they may appoint an independent and mutually agreed upon Third-party to act as Appraiser. The Appraiser shall divide the property among the parties according to his/her pro rata share.
9. Duty of Good Faith. This Agreement creates a fiduciary relationship between the parties in which each party agrees to act with the utmost of good faith and fair dealing toward the other in the management of their joint property and in all other aspects of this Agreement.
10. Legal Names of Parties. Each party shall retain his/her legal name, including surname, as printed and signed in this Agreement.
11. Duration of Agreement. This Agreement shall become effective at the date of execution and shall remain in effect until termination. Termination shall be effected by written notice by either party, cessation of the joint residency by either party or death of either party. Either party may terminate this Agreement unilaterally at any time.
12. Complete Agreement. It is the intent of the parties that this Agreement be the full and complete agreement between the parties regarding their joint residency. There are no other agreements between the parties regarding their joint residency other than those stated herein. This Agreement shall only be modified by a writing executed by all three parties hereto.
13. Severability of Provisions. Should any paragraph or provision of this Agreement be held invalid, void, or otherwise unenforceable, it is the intent of the parties that the remaining portions shall nevertheless continue in full force and effect without impairment.
14. Governing Law. This Agreement shall be governed by, interpreted and construed in accordance with the laws of the State of __________________________
IN WITNESS WHEREOF , the parties have executed this Agreement at ______________________________ on this _____ day of _____________________________, 20___.
_________________________________ First Party
_________________________________ Second Party
_________________________________Third Party
_________________________________
Witness
_________________________________
Witness
we also have our wills in place, a survivors check list, our TOD's ( transfer on death) for our home and vehicles. we have rearranged our home so that our new wife will have her own space (bedroom) and my wife has prepared the kitchen so that our new wife will be able to add her things to it too.
you know, i sure am glad that when i was a kid i was a cub scout and a boy scout! nothing like being prepared! too bad our education system doesn't teach kids and young adults to be prepared for marriage and raising a family.....wonder why? we get prepared for work by going to school and work is only a 40 hour, give or take, job......what about the 24/7 job of marriage, home finances and kids? our society as a whole has very little common sense.






