Divorce Settlement Agreement
What does Divorce Settlement Agreement mean?
A divorce settlement agreement is the contractual agreement which outlines the rights of each divorcing spouse with regards to property distribution, spousal support payments, child custody, child visitation, and child support. The divorce settlement agreement may be incorporated by court order as a part of the divorce decree. It is enforceable through legal remedies such as contempt charges.
A divorce settlement agreement may be called other names in certain states: Divorce Settlement, Separation Agreement or Separation and Property Settlement Agreement, Custody, Support ,and Property Agreement, Mediated Separation Agreement, Collaborative Settlement Agreement, Property Settlement Agreement (PSA), and Marital Settlement Agreement (MSA).
Prior to signing a divorce settlement agreement it is recommended that spouses seek legal counsel. If your spouse has created a divorce settlement agreement talk to a lawyer who can review it and make sure important legal provisions are included to protect your rights. Do not sign any agreement if you are not happy with its provisions.