What is a marital dissolution agreement?

A marital dissolution agreement, commonly referred to as a divorce agreement, is a legally binding contract between divorcing spouses used to resolve the issues that arise from their divorce. This agreement is drafted and negotiated by the divorcing spouses and their legal representatives, and then reviewed by each spouse’s lawyers. Generally, martial dissolution agreements detail out how the couple will divide assets, liabilities, and other property during the divorce; how much money and what kind of spousal support, if any, will be paid; and how custody, visitation, and support of any children will be handled. Once both parties have agreed upon the terms, the agreement is signed and filed with the court to make it legally binding. It is important to note that a marital dissolution agreement is different from a divorce decree, which is a court order that finalizes the divorce and resolves the couple’s legal issues.

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What is a marital dissolution agreement?

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