Tax consequences mat011 answer (uncontested action). 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. In the heat of a new york divorce, it may feel nearly impossible to agree on many things. Web in the case of the marital relationships and their termination, partners are supposed to complete the marital settlement agreement form. As a result, if you signed a settlement agreement with your former spouse, a court will most likely enforce it.