Legal Definitions - marital termination agreement

A marital termination agreement, also known as a divorce settlement agreement, is a written contract between two spouses who are getting a divorce. This agreement outlines their responsibilities and rights after the divorce is finalized. Once both parties sign the agreement, they are legally bound to follow it.

The agreement can cover a variety of topics, including:

• Child custody
• Child visitation
• Child and spousal support
• Division of property

For example, if a couple getting divorced has children, the marital termination agreement might include a plan for how the parents will share custody and visitation time. It might also outline how much child support one parent will pay to the other.

Once the agreement is signed, it cannot be changed unless both parties agree to the changes. However, matters related to child support can be modified if there is a significant change in circumstances, such as a job loss or a significant increase in income.

If one party does not follow the terms of the agreement, the other party can file the agreement with the court to enforce it. If the agreement is found to be invalid due to fraud, duress, or other factors, the court can set it aside.