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A cohabitation agreement in Nevada is similar to a prenuptial agreement, detailing how property will be divided if an unmarried couple eventually breaks up. It can be made in writing, verbally, or through conduct, but it is recommended to have it in a documented contract. This allows unmarried couples to choose property arrangements, such as community property or separate ownership. Common terms include palimony, where one person provides financial support to the other after a breakup. Couples can also include various provisions in the agreement.