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A marital settlement agreement is a divorce contract used to split property and liabilities, outline alimony, child support, and custody arrangements before seeking a judge's approval. It is crucial to understand how to negotiate divorce terms and where the agreement fits in the process. Couples should come to a mutual agreement on asset distribution and support before seeking a divorce decree. Steps include seeking a divorce attorney, gathering financial information, and scheduling meetings with each spouse. To get an official template for free, watch this video tutorial.