This is a legal document which is drawn up to confirm the financial arrangements when couples, whether married, in a civil partnership or co-habiting, separate.
In cases of couples who are married or in a civil partnership, separation agreements tend only to be used if the parties do not intend to divorce or dissolve the civil partnership straight away. If a divorce or dissolution of civil partnership is intended then the agreement should be recorded in a consent order, the document used to formalise the settlement terms agreed within the proceedings for divorce or dissolution of a civil partnership.