What can a Contracting Out Agreement cover?

A contracting out Agreement can be tailored to suit your circumstances. Parties can agree on what property is relationship property (jointly or co-owned assets), what are relationship debts (debts which you are both responsible for) and separate property (property that is own by one party to the exclusion of the other). You will need specify what happens with the property the Agreement covers in the event of separation, including how it should be divided between you.