The purpose of a Settlement Agreement during a divorce case is to lay out the agreements reached for the Divorce to be finalized. Most frequently, in the case of Divorce, the Settlement Agreement sets out the agreements reached between the parties. mutually. The matters addressed in the Settlement Agreement are division of property, child support, alimony (spousal support), child custody, child visitation and much more. Typically, a Settlement Agreement is reached between the parties with the help of their attorney’s advice and/or through the mediation process. Once the agreement has been agreed upon, acknowledged and signed by both parties, the agreement will be sent to the Judge for final approval. Rarely are mutual agreements denied by the presiding Judge; however, the Judge has the ability to deny the agreement. This is why it is EXTREMEMLY important to hire an attorney that is familiar with the process of family law matters to ensure that all requirements are met as well as presented within the statues of the law.
Please remember, this article is merely meant for guidance and information purposes. It is NOT intended as legal advice nor does it establish attorney/client relationship or privilege.