Private Child Support Agreements: Pros & Cons of Binding Child Support Agreements

When a couple is separating and they have children, there will normally be a property settlement and parenting orders involved. More often than not, one parent will also be required to pay the other parent child support. While this amount can be determined by a specific calculation, in some instances a separating couple may instead choose to opt for a private child support agreement, commonly known as a Binding Child Support Agreement. That is, a detailed and formal document that both parties agree to, that is legally enforceable.