The proposed bill, titled the "Uniform Cohabitants' Economic Remedies Act," establishes a legal framework for cohabitants—defined as two individuals living together as a couple without being married—to seek remedies for contractual and equitable claims arising from their contributions to the relationship. The bill outlines the definitions of key terms, such as "cohabitant," "cohabitants' agreement," and "contributions to the relationship," which include various forms of domestic support but explicitly exclude sexual relations. It also sets forth the requirements for a cohabitants' agreement, which can be oral or written, and specifies that contributions to the relationship serve as sufficient consideration for such agreements.

Additionally, the bill provides cohabitants with the right to bring legal actions for claims related to their relationship, regardless of any sexual relationship or subsequent marriage. It allows for equitable actions concerning property entitlement based on contributions to the relationship and ensures that court orders or judgments under this act can be enforced against a cohabitant's estate. The act aims to promote uniformity in application across jurisdictions and includes provisions for severability, ensuring that if any part of the act is deemed invalid, the remaining provisions remain effective. The act is set to take effect on July 1, 2025.