Bill > HB273

This bill, the Uniform Cohabitants' Economic Remedies Act, establishes a legal framework for addressing financial claims and equitable remedies between unmarried cohabitants. It defines key terms like "cohabitant" and "cohabitants' agreement," and outlines the scope of the law, which applies to contractual and equitable claims arising from contributions to the relationship. The bill grants cohabitants the right to bring such actions, even if the relationship involved sexual relations, and specifies that the claims are not extinguished by the cohabitants' subsequent marriage. It also provides guidance on the governing law, enforceability of cohabitants' agreements, and the availability of equitable relief based on factors like the nature and value of each party's contributions.

Business and Industry, Justice

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=273&year=23