Marital settlement agreement is a contract, and it's essentially the agreement that outlines everything you and your spouse have come to an agreement on for your divorce case. It can be the agreement that outlines how you've split up your assets and your debts. It can be the agreement that outlines any support issues like alimony or child support. It can even be the agreement that it can include your parenting plan if there are children involved, so it can be in a complete agreement or it can be a partial agreement. The bottom line at the end of the day, it's the contract of all the things that you and your spouse have agreed to.