Your Divorce Agreement: Examples of Elements Commonly Incorporated into a Divorce Term Sheet or Settlement Document

The following examples illustrate typical elements that may appear in a mediated term sheet or settlement agreement. These are not binding terms or templates, but examples of what couples and their professionals often include or discuss during negotiation.  Use these examples to clarify your goals and prepare for legal and financial review.

1. Parenting and Custody Provisions

Example Language:

• The parties share joint legal custody, with both parents participating in all major educational and medical decisions.
• The children reside on a 50/50 shared physical schedule, alternating weekly from Sunday evening to Sunday evening.
• Parents agree to use Our Family Wizard for communication and scheduling.
• Holiday schedule alternates major holidays and school breaks each year.

Why it matters: Parenting terms outline how decision-making, time-sharing, and communication will work post-divorce. They form the foundation of the Parenting Plan, which is often attached or incorporated into the Divorce Agreement.

Notes:

• Definitions of legal and physical custody vary by state — always confirm with counsel.
• In mediation, use this section to list guiding principles (stability, school continuity, flexibility) before your attorney drafts the formal plan.

2. Property Division and Real Estate

Example Language:

• The marital home located at 42 Elm Street,...