What is it

An informal agreement between individuals to share costs related to housing, vehicles, services or common expenses.

When to use it

• shared rent or utilities

• co-ownership of a car or office

• shared pet care after separation

• joint vacation or event costs

• expenses for child activities beyond legal support

Key clauses

• parties and purpose

• amount and frequency of contribution

• payment deadlines

• handling defaults

• exit clause (e.g. when one person moves out)

• optional: shared property rules

Practice tip

Use a written contract – even between friends.
It avoids tension and gives legal clarity in case of disputes.

Template – symbolic fee

Czech-English cost sharing template:
– monthly or fixed contributions
– multiple uses (housing, cars, pets)
– editable with explanation

Email or use form – fair and clear deal for shared expenses.

FINAL THOUGHTS – WHAT NOW?

A cost sharing agreement isn’t just a formality – it’s a legal shield, if drafted properly. And a trap, if not.

Do you want to be sure your contract will hold up even in a crisis? Get in touch and let’s schedule a meeting. I am specialist on contract law – more information here.