Stipulation
A formal agreement between both parties on specific issues in the divorce, submitted to the court for approval.
Understanding Stipulation
Stipulations allow divorcing spouses to resolve individual issues without a judge deciding for them. Parties can stipulate to facts (like the value of an asset), procedures (like extending a deadline), or substantive terms (like a custody schedule). Once approved by the court, a stipulation becomes a binding court order. Stipulations save time and legal fees by narrowing the issues that require judicial intervention.
Real-World Examples
Both attorneys filed a stipulation agreeing that the house was worth $500,000, removing the need for a contested appraisal.
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This definition is provided for educational purposes only and does not constitute legal advice. Divorce laws and terminology may vary by state and jurisdiction.
Always consult a licensed attorney in your area for advice specific to your situation.