What is a divorce agreement?

A divorce agreement, also known as a settlement agreement, is a legally binding document that outlines the terms of a divorce. In Indiana, a divorce agreement is created to resolve the issues between spouses during a divorce. The agreement goes over how assets, debts, and property will be divided between both parties, as well as how child custody, support, and parenting time will be handled. The agreement must be approved by a court for it to be enforceable. The divorce agreement should be reviewed carefully by both parties to determine its accuracy and fairness. By law, each party has the right to representation from an attorney of their own choosing. It is recommended that both parties understand the legal consequences of their agreement before signing it, to ensure that their interests are being protected. The divorce agreement should be written with clear language to avoid any confusion or misunderstandings. If either party breaches the agreement, they may be liable to pay the other party financial damages. Therefore, it is important to ensure that you understand any agreements that you are signing. Indiana courts have the power to enforce divorce agreements so it is important to make sure that you comply with the terms and conditions of your agreement.

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