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An Oregon marital settlement agreement is a tool for couples to settle issues related to their divorce, including property distribution, asset division, debts, and child custody arrangements. While not mandatory, these agreements can expedite the divorce process. The video will explore the functions and legal requirements of these agreements in Oregon. It also promises a link to create a marital settlement agreement online, potentially saving significant costs during divorce. The video emphasizes the importance of recording all terms and conditions in the agreement for clarity and future reference, ensuring both parties are in agreement post-divorce.