US-01849BG free printable template

RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO Street Address or Post Office Box City State Zip Code Agreement between Parties Living Together but Remaining Unmarried with Regard to Sale of Residence READ BEFORE SIGNING IMPORTANT NOTICE EACH PARTY TO THIS AGREEMENT AGREES THAT THEY HAVE HAD AN OPPORTUNITY TO CONSULT WITH AN ATTORNEY OF THEIR CHOICE LICENSED TO PRACTICE LAW IN THEIR STATE OF RESIDENCE NOT THE SAME ATTORNEY AND THAT EACH PARTY HAS FULLY READ UNDERSTAND AND AGREE TO THE TERMS OF...THIS AGREEMENT. Whereas the parties to this Agreement have been living together since date at street address city county state zip code hereinafter called Residence and Whereas said Residence can be more particularly described as follows Insert Legal Description Whereas when said Residence was purchased by MP and FP payment of the closing costs of and the down payment of was made by MP. EACH PARTY FURTHER AGREES THAT THEY ARE NOT ACTING UNDER DURESS OR UNDUE INFLUENCE IN EXECUTING THIS AGREEMENT...AND THAT EXECUTION OF SAME IS DONE FREELY AND VOLUNTARILY. Agreement made on the date between Name of Male Partner of and Name of Female Partner also of code hereinafter called FP. Now therefore for and in consideration of the mutual covenants contained in this agreement and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged the parties agree as follows If said Residence is ever sold by MP and FP MP will be paid first from the net proceeds of said...sale the sum of to reimburse him for paying the down payment and closing costs of the original purchase of the Residence by MP and FP. The remainder of the net proceeds from said sale will be split equally between MP and FP. No Waiver The failure of either party to this Agreement to insist upon the performance of any of the terms and conditions of this Agreement or the waiver of any breach of any of the terms and conditions of this Agreement shall not be construed as subsequently waiving any...such terms and conditions but the same shall continue and remain in full force and effect as if no such forbearance or waiver had occurred* Governing Law This Agreement shall be governed by construed and enforced in accordance with the laws of the State of Illinois. Notices Any notice provided for or concerning this Agreement shall be in writing and shall be deemed sufficiently given when hand delivered to the respective address of each party as set forth at the beginning of this Agreement....Attorney s Fees In the event that any lawsuit is filed in relation to this Agreement the unsuccessful party in the action shall pay to the successful party in addition to all the sums that either party may be called on to pay a reasonable sum for the successful party s attorney fees. Mandatory Arbitration Any dispute under this Agreement shall be required to be resolved by binding arbitration of the parties hereto. If the parties cannot agree on an arbitrator each party shall select one...arbitrator and both arbitrators shall then select a third.