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A cohabitation agreement in Nevada is a contract between unmarried couples, similar to a prenuptial agreement. It specifies how property will be divided in case of a breakup. Here are three key points to know: 1. Cohabitation agreements can be made in writing, verbally, or through conduct, but it is recommended to have them notarized. 2. Couples can choose any property arrangement they want, such as owning property jointly or separately. 3. Cohabitation agreements can also include provisions for financial support, known as palimony, in the event of a breakup.