What is a divorce agreement?

A divorce agreement is a document that outlines the terms and conditions of a divorce. It is reached by both parties involved and finalized with the signing of both parties. In North Carolina, the divorce agreement includes the division of assets, debts, custody, and visitation schedules for children. The agreement may also include a spousal support order that outlines an amount one spouse will pay to the other. This amount could be fixed for a certain amount of time or until certain conditions are met, such as remarriage or death. The agreement may also include provisions for medical insurance coverage for either of the spouses or children, if applicable. The divorce agreement is a legally binding document and will be enforced by the court in the event of non-compliance of any of the clauses within. It is important that both parties agree to the terms of the agreement and that it is negotiated in good faith. The main goal of the divorce agreement is to provide an equitable solution for both parties and any children involved. The court will review the agreement to ensure it is fair and reasonable. In North Carolina, couples may choose to have a mediated divorce in which the parties discuss their interests and goals in a private or confidential setting, while attorneys are present. A mediator is a neutral third party and is not there to take sides or give advice, but is there to facilitate the discussion. If a mediated agreement is reached, it is typically less expensive than a court-ordered divorce agreement and can be reached much more quickly.

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What is a divorce agreement?

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