If you and your spouse decide to get divorced, and you can agree on issues such as property rights, spousal and child support obligations, and custody and visitation arrangements, then you may want to enter into a. This legally binding document is necessary for establishing specific conditions that. Web what is a marital separation and property settlement agreement (msa) ? As a result, if you signed a settlement agreement with your former spouse, a court will most likely enforce it. New york state divorce on the conversion of a judgment of separation ground.