A separation agreement is a type of domestic contract that specifies individual partners' terms, rights, and responsibilities when they decide to part ways. It generally covers the following details:
- Child custody, visitation rights, child maintenance, and child health insurance
- Spousal maintenance
- Division of shared assets and division of items that the respective partner is entitled to
- Stating who will be responsible for which debts
- Decisions related to the marital home
In every Canadian province, marriage creates an economic partnership, dictating the rights and responsibilities of married couples in the event of a separation. With a marriage contract, couples can opt out of provincial law with respect to property.