[case number] [respondent name], respondent, marital separation. Web a divorce settlement agreement, also known as a marital settlement agreement (msa) or separation agreement, is a legally binding contract that outlines the terms and conditions of a divorce or legal separation between a married couple. This agreement is intended to help the parties formalize an allocation of their property and finances and matters relating to child custody and visitation. As a result, if you signed a settlement agreement with your former spouse, a court will most likely enforce it. Web a marital settlement agreement is the legally binding document that is a result of divorce proceedings.