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. However, your divorce settlement agreement can be challenged or set aside if you can demonstrate fraud, duress or undue influence, or. Web if you are looking for a simple and fast way to end your marriage in new york state, you may be eligible for an uncontested divorce. How long are the parties bound by a marital separation and property settlement agreement? Web posted on august 6, 2019.