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An Oregon marital settlement agreement is a tool used by couples to resolve matters related to their divorce, such as the division of property, assets, debts, and child custody. Although not mandatory, these agreements can significantly accelerate divorce proceedings. The video aims to provide an overview of settlement contracts, their functions, and Oregon's legal requirements for divorce. It also highlights eForms, a resource for legal documents, and encourages viewers to watch until the end for a link to create their own marital settlement agreement online, potentially saving them money in the divorce process.