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What does a separation agreement include?

A separation agreement addresses any financial arrangements the spouses have made, such as who supports whom. It spells out the terms and conditions of custody, visitation, and support. It may also want to address the division of marital property and the responsiblity for debt.

A separation agreement is a legal contract and is binding on the parties. The parties can enforce its terms and conditions in court, and each party is subject to penalties for violating it.