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a vermont marital settlement agreement is a document used to relay an understanding which has been mutually agreed upon by two spouses regarding all terms affecting the dissolution of their marriage in the document the spouses can establish how their shared property assets debts and child custody if any will be dispersed post-divorce a well-drafted settlement can in some instances make way for an uncontested divorce that saves both time and money by means of some crucial factors well discuss in this video additionally well review in detail a settlement agreement its basic functions and some specific legal requirements in vermont first lets take a moment to describe what is a marital settlement agreement a marital or divorce settlement agreement establishes a divorces terms and conditions that were agreed upon by a married couple such as which spouse will receive certain assets or property upon the marriages dissolution among its many purposes the contract splits up real and perso