A parenting agreement is usually drawn up when a couple that are living apart, agree to act jointly in the best interests of their children. It lays down all the conditions for keeping the children as happy as possible. The couple establishes two homes, but consults each other regarding the needs of the children. A couple breaking up is a bewildering process for their children. They wonder if they are to blame for it in any way, and how they will carry on in the changing circumstances. A coherently drawn up parenting agreement ensures the change is as smooth as possible for the children. Parenting agreements cover all aspects of the lives of the minor children and there is little room for misunderstanding. Parents may fall out of love with each other, but rarely do so with their children. As co-parents, they are usually willing to make necessary adjustments while the parenting agreement is being drawn out, because they want the best for their children. Ideally, they remain in close contact with each other, and co-operate fully, often making adjustments and compromises they didn't do when they were living under the same roof!

A lawyer may draw out a parenting agreement with the minor details specific to a family. However, a typical agreement generally covers most aspects of education, finance, leisure and other activities, and the role of each parent in these. Typically, both parents may attend activities in which the children participate. However, a parent can only enroll the children in activities during their custodial period, and at their expense. Joining in any activity that may extend into the other parent's time can only be undertaken with the other's permission, and with no financial obligation.

Information about any medical emergency should be shared immediately. All information regarding academic progress, extra curricular activities and school programs is shared between parents. All major decisions are made jointly, and any problem is first discussed calmly between parents. Any problem with authorities or a medical problem is tackled in the presence of both parents. Any decision regarding religion, education, or vocation, is taken jointly. Parents are expected to show respect to each other in the presence of their children. They acknowledge each other as being good persons who unfortunately cannot live together. They do however agree to share the joys and burdens of parenting, with the best interests of their children at heart.

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