What is a stipulation of settlement?

A stipulation of settlement is a legal agreement made between two parties in a divorce case in Rhode Island. The stipulation of settlement outlines the terms and conditions of the divorce and is an agreement that both parties must accept. The stipulation of settlement outlines the division of the properties and debts of the couple, the distribution of any retirement accounts, as well as any savings or investments the couple has. The stipulation of settlement also outlines any alimony that is to be paid or received, the amount and duration that it will be paid, as well as how the payment will be made. It also includes child support, custody, and visitation agreements. The stipulation of settlement is not a binding document until both parties sign it. Once it is signed, it is legally binding and the court would enforce the terms of the stipulation. This means that the terms of the stipulation have to be adhered to and the couple is bound by the agreement. In Rhode Island, a stipulation of settlement is a legally binding agreement that both parties must abide by and is an important part of the divorce process. It is important to make sure that you fully understand the agreement before signing the document. It is also important to make sure that your interests are adequately represented in the agreement.

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