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prehumptial agreement 

Noun. The consent provided between adults prior to engaging in either casual, friends with benefits, or meaningless sex.

Similar to a prenumptial agreement but with a different line of business.

AKA 'the prehump'
I told him not to get all crazy after we hooked up. It was all explained during the prehumptial agreement.

prehumptial agreement 

Bill and Jane signed a prehumptial agreement before engaging in intercourse