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→Separation agreements
#summarizes the circumstances of the settlement discussions;
#confirms that each party has had legal advice about the agreement;
#confirms that the parties intend to be bound by the contractagreement; and,#details explains the dire things that will happen consequences if a party decides that they are not bound by to follow the contractagreement.
Separation agreements are the product of negotiation, collaborative negotiation, or mediation, and may deal with all or just some of the legal issues between the parties. A separation agreement can also be used to record a settlement reached after litigation has started, instead of or in addition to a consent order.