A Separation Agreement is a legal document created between two parties, often in the context of a relationship or marriage, outlining the terms of their separation. This agreement typically covers issues such as property division, child custody, and financial support, ensuring both parties understand their rights and responsibilities. These agreements can help prevent disputes and provide clarity during a difficult time. While they are not the same as a divorce decree, a Separation Agreement can serve as a foundation for future legal proceedings, such as a divorce, if the parties choose to formalize their separation further.