A divorce agreement, also known as a divorce settlement or marital settlement agreement, is a legally binding document that outlines the terms and conditions of the dissolution of a marriage. It typically addresses various issues related to the divorce, including division of assets and debts, spousal support (alimony), child custody, visitation rights, and child support. The agreement is negotiated and agreed upon by both spouses, often with the assistance of their respective attorneys or through mediation. Once finalised and signed by both parties, the divorce agreement is submitted to the court for approval. Once approved by the court, the terms of the agreement become legally enforceable, and both parties are obligated to adhere to its provisions. A well-crafted divorce agreement can help minimise conflict and provide clarity and certainty for both parties as they navigate the divorce process.
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This glossary post was last updated: 29th March 2024.
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