separation agreement

separation agreement

n. an agreement between two married people who have agreed to live apart for an unspecified period of time, perhaps forever. The agreement generally covers any alimony (money paid for spousal support), child support, custody arrangements if there are children, payment of bills, and management of separate bank accounts. A separation agreement may determine division of property if the separation appears permanent. It cannot be enforced by court order unless one party files a petition for legal separation or files a lawsuit for specific performance of a contract. If the couple reconciles, the separation agreement is voidable (can be cancelled) by the parties. However, most separation agreements are interim agreements to serve between the time of separation and the eventual divorce of the parties. (See: divorce, separation, legal separation)

References in periodicals archive ?
The city is giving Spencer an additional $52,000 severance payment that is to be used to cover his college tuition costs, according to an employment separation agreement.
And the bitter split from his wife of 14 years with whom he has two children, below, ended in the Central Family Court and a judicial separation agreement.
Such an agreement is called a Separation Agreement.
Hidalgo agreed to reduce the total severance owed to him under his separation agreement by about USD167,000 to USD970,000, the NTAV of the Australia operations on the closing date.
Under the separation agreement, Pelham students who attended Chelsea or Oak Mountain schools during the 2013-2014 academic year and those starting at those schools for the 2014-2015 academic year may continue there through graduation.
the separation agreement and consulting agreement entered into with
Spencer-East Brookfield Regional School Committee members signed a separation agreement with Mr.
Divorce decree or written separation instrument: The payment must be made under a divorce decree (or a written instrument incident to such a decree) or a written separation agreement.
They signed a separation agreement in which they both agreed to renounce and waive any claim that they had on each other's estates.
Clark, who left his post in Februar y af ter just nine months, was given pounds 285,000 in a separation agreement now being investigated by the Accounts Comission.
In this scenario, formalizing things in a separation agreement could save wrangles later, when things may not be so amicable.

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