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a colorado marital settlement agreement is a document in which both spouses convey the terms of a divorce it covers a full range of topics such as distribution of property child and alimony support and custody rights in this video well discuss the importance of a colorado marital settlement agreement a few key legal requirements and where to get an official template first lets begin by looking at the importance of a colorado marital settlement agreement the marital settlement agreement outlines the basic terms of the divorce agreement such as which spouse gets a certain property that is jointly owned the agreement is essential when distributing assets alimony and other support in many cases a mutually agreed upon settlement can be presented to a judge for approval without a formal court hearing besides this practical function its also important as it includes a calculation of the amount of spousal and child support records all of the details surrounding the divorce can avoid a form