Web a divorce settlement agreement is a legal document that dictates how marital property is divided, child support and alimony, and other terms of a divorce. The purpose of the document is to state in writing how the assets and debts will be split. 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. Web updated november 28, 2023. [case number] [respondent name], respondent, marital separation.