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. If you have any marital property, you will need to enter into a marital settlement agreement (aka stipulation of settlement). A divorce settlement agreement (or a marital settlement agreement) helps two divorcing spouses by detailing the division of assets and spousal support. 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. Web divorce settlement agreement template.