Marital settlement agreements are entered into between spouses contemplating divorce. Marital settlement agreements detail the terms and conditions of the divorce with respect to the spouses children, assets, liabilities and support. Marital settlement agreements must be approved by the judge presiding over the divorce.

The key terms of a marital settlement agreement include:
a. Allocation of assets;
b. Allocation of liabilities;
c. Custody and visitation rights;
d. Child support;
e. Spousal support.