Web what is a marital separation and property settlement agreement (msa) ? 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 generally, new york courts favor allowing spouses to resolve their divorce disputes on their own. A new york marital settlement agreement is a divorce tool that helps two spouses come to a mutually beneficial agreement regarding the division of their assets, liabilities, properties, child custody, and child support. Web posted on august 6, 2019.