Financial Agreement Template Australia
This is an example of a financial agreement that can be used by both roommates or our couples moving in together. The contract is called a colocation agreement and aims to identify and quarantine assets and agree on how payments will be distributed over the duration of the cohabitation. One might think that a binding financial agreement should be fair to both parties, but this is not necessarily the case. If your agreement comes to court, the courts will not reject or annul an agreement simply because it favours one party over the other. Indeed, Article 90G of the Family Law requires both parties to seek independent advice before signing the contract.