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Simple English definitions for legal terms
marital termination agreement
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A quick definition of marital termination agreement:
A marital termination agreement is a written contract between two people who are getting divorced. It outlines what each person is responsible for and what their rights are after the divorce. The agreement can cover things like child custody, visitation, support, and how property will be divided. Once the agreement is signed, both people are legally bound to follow it. If one person doesn't follow the agreement, the other can go to court to enforce it. The agreement can't be changed unless both people agree to it or there are certain circumstances, like a big change in income or a change in the needs of the children. If the agreement is unfair or was made because of fraud or pressure, the court can throw it out.
A more thorough explanation:
A marital termination agreement, also known as a divorce settlement agreement, is a written contract between two spouses who are getting a divorce. This agreement outlines their responsibilities and rights after the divorce is finalized. Once both parties sign the agreement, they are legally bound to follow it.
The agreement can cover a variety of topics, including:
- Child custody
- Child visitation
- Child and spousal support
- Division of property
For example, if a couple getting divorced has children, the marital termination agreement might include a plan for how the parents will share custody and visitation time. It might also outline how much child support one parent will pay to the other.
Once the agreement is signed, it cannot be changed unless both parties agree to the changes. However, matters related to child support can be modified if there is a significant change in circumstances, such as a job loss or a significant increase in income.
If one party does not follow the terms of the agreement, the other party can file the agreement with the court to enforce it. If the agreement is found to be invalid due to fraud, duress, or other factors, the court can set it aside.