What is a stipulation of settlement?
A stipulation of settlement is an agreement made between two parties involved in a divorce case in South Carolina. It is the best way to settle a divorce without the need to go to court. The stipulation of settlement outlines the terms that both parties agree to in order to end the marriage. It must be in writing and must be signed by both parties in order to be legally binding. The stipulation of settlement covers issues such as child custody, spousal support, and the division of marital property. It also outlines any visitation and support rights for each party. In South Carolina, any agreements reached outside of court are considered to be legally binding as long as both parties agree and sign the document. The stipulation of settlement is important because it provides the divorcing couple with a way to end their marriage without the need to go to court. It also allows the parties to come to an agreement on disputes that would otherwise need to be settled in court. Finally, it gives both parties the assurance that the settlement is legally binding and enforceable.
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