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In Nevada, a cohabitation agreement is a contract for unmarried couples living together, similar to a prenuptial agreement, that outlines property division in the event of a breakup. Key points include: 1) While cohabitation agreements can be made in various forms—written, verbal, or through conduct—it is strongly recommended to have a written contract for enforceability in court. 2) Couples can customize their property arrangements, choosing to classify property as community or separate, or a combination of both. 3) Agreements may include terms like palimony, where one partner provides financial support to the other after a separation.