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An Oregon marital settlement agreement is a tool for couples to settle aspects of their marriage dissolution, including property division, asset allocation, debts, and child custody arrangements. While not mandatory for court proceedings, these agreements can significantly expedite the divorce process. The video tutorial delves into the functions and legal requirements of these contracts in Oregon. It emphasizes that viewers can create their own marital settlement agreement online, potentially saving them substantial costs during the divorce. The tutorial aims to clarify the purpose and details of marital settlement agreements.