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A Montana marital settlement agreement is a contract used by spouses undergoing an uncontested divorce, detailing the terms and conditions effective upon marriage dissolution. This document can save time and money for divorcing couples. The video discusses the significance of these agreements, their primary functions, and the legal requirements under Montana law. It emphasizes that using e-forms can facilitate the process, and viewers are encouraged to watch until the end for a link to create their own marital settlement agreement online, which could save them significant expenses during the divorce process. The video also explores how the agreement addresses the distribution of shared property and assets between the couple.