What is a stipulation of settlement?

A stipulation of settlement is a document signed by both parties involved in a divorce case in the state of California. It is a legally binding document that outlines the terms of the agreement, such as who will get what property and who will pay what amounts in support payments, if any. The stipulation is prepared and signed by both parties, and then it is filed with the courts. The court reviews the document and if it meets the requirements, it is approved and the divorce is finalized. A stipulation of settlement is typically the result of a negotiation between the parties, often with the assistance of attorneys. It is important to note that the courts have the authority to reject a stipulation, even if both parties have agreed to it. If a court does not accept the stipulation, a trial and/or a different agreement must be reached in order for the divorce to be finalized. Once the stipulation of settlement is approved by the court, it becomes binding and both parties are obligated to fulfill the agreement. The parties must abide by the terms of the agreement and the courts may impose sanctions or take other actions if the agreement is not followed. For example, if one party fails to make support payments on time, the court can impose fines. It is important for both parties to understand the terms of their stipulation of settlement before signing it.

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