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. This agreement is intended to help the parties formalize an allocation of their property and finances and matters relating to child custody and visitation. Web mat009 sample settlement agreement, divorce agreement, or separation agreement mat010 letter to client re: [learn more about divorce] you can use this program if: The purpose of the document is to state in writing how the assets and debts will be split.