"A cohabitation agreement may feel overly formal, yet it provides clarity on who legally owns the car, who pays for it, and what happens if ownership isn't clear. This is where a useful provincial breakdown can guide couples through how laws differ. Without such an agreement, disputes can arise, muddying ownership claims or complicating insurance claims in the event of accidents or separation."
"Both spouses may pay contributions or maintenance, but only one may be named on the title. Without a paper trail, disentangling ownership is problematic in the event of the end of the relationship. A cohabitation agreement can clearly establish ownership, including who will hold title, how contributions will be handled, and what happens in case one of the partners moves out."
"In provinces such as British Columbia and Ontario, family law does not automatically apply similar protections to unmarried couples that it does to married spouses. This implies that without a contract, a partner who has contributed towards the financing of a vehicle may have few legal options to demand equity or a refund. A written agreement prevents the occurrence of such unintended consequences and stipulates who will be the owner of the vehicle in different situations."
Cohabitation agreements establish legal clarity about vehicle ownership, payment responsibilities, and outcomes if ownership becomes disputed. Couples may both contribute to a car yet only one person may hold the title, making disentangling ownership difficult without documentation. Provincial family law in places like British Columbia and Ontario often does not grant unmarried couples the same protections as married spouses, leaving contributors with limited legal remedies. A written contract can specify titleholder, contribution handling, and remedies if a partner moves out. Insurance commonly lists one registrant, which can create confusion over coverage and liability without formal arrangements.
Read at Business Matters
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