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 their relationship. The bill outlines the definitions of key terms, such as "cohabitant," "cohabitants' agreement," and "contributions to the relationship," while also detailing the rights of cohabitants to bring actions against one another or a deceased cohabitant's estate. It specifies that actions are not barred due to a sexual relationship and can be initiated during or after cohabitation.

Additionally, the bill sets forth requirements for cohabitants' agreements, which can be oral or written, and stipulates that contributions to the relationship serve as sufficient consideration for such agreements. It also provides for equitable relief, allowing cohabitants to claim property based on their contributions, and ensures that court orders or judgments under this act do not impair the rights of good-faith purchasers or secured creditors. The act aims to promote uniformity in application across jurisdictions and includes transitional provisions for agreements made after its effective date of July 1, 2025.