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A cohabitation agreement in Nevada is a contract between unmarried couples that outlines how property will be divided in the event of a breakup. It can be made in writing, verbally, or through conduct, but a notarized contract is recommended for easier enforceability. Couples can choose any property arrangement they prefer, such as owning property as community property or keeping everything separate. Palimony, financial support payments in case of a breakup, can also be included in the agreement.