Document background
The Divorce Contract (also known as a divorce settlement agreement or marital settlement agreement) is a crucial legal document used in the United States when spouses decide to formally end their marriage. It serves as the foundational agreement that details all aspects of the divorce settlement, including property division, financial obligations, spousal support, and if applicable, child custody and support arrangements. This document must comply with both federal regulations and state-specific family law requirements, as divorce proceedings are primarily governed by state law while certain aspects (such as tax implications and retirement benefits) fall under federal jurisdiction. The contract is typically drafted during divorce proceedings, either through direct negotiation between parties, mediation, or with attorney representation, and becomes legally binding once approved by the court as part of the final divorce decree. This document is essential for establishing clear terms for post-divorce life and minimizing future disputes between the parties.
