There is no cheating (in the sense of sleeping without the partner's knowledge) but they are non-exclusive for a large part of the story, as friends-with-benefits then in an open relationship (Ritsu sleeps with women, Takuya knows it and is fine with it), from what I understand it seems that in the present they are exclusive though.
Tiny glimpses of Ritsu's sex with women are shown but no full sex scene.

Is there any cheating or like a third party in this, I wanna read it but I despise love triangles and cheating