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Terms of the agreement were not disclosed.
But a statement issued by Michael Sands, spokesman for Federline’s lawyer, said, “The parties signed an agreement which was a global settlement on all issues of their marriage and child custody.”
The couple have two sons together, 18-month-old Sean Preston and 6-month-old Jayden James.
Celebrity Web site TMZ.com quoted unnamed sources as saying that Federline, who has tried to launch a new career as a singer, will receive $1 million as part of the settlement and that the couple agreed to joint custody of their boys.
A source close to the couple told Reuters the $1 million figure was inaccurate but declined to say how much it really was.
The agreement, which is subject to final approval of a judge, was signed after a five-hour meeting between the couple and their lawyers Thursday in Los Angeles, Sands said.
My Advice to Britney
Divorce sucks, but if you need to move on, do it. You are in a position where you have to make difficult choices. You want to take care of the kids now. They will need a mother and a father. This is the time for you to grow up. Sorry for being so blunt, but you have great responsibility in those kids and you are going to have to be a strong mother.
Dont ket your kids down. Dont let your fans down. We all believe you can turn your life around. Let this be a new beginning, not the end of a star.
Recently:
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- Bulletin: Britney Not Stalked
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- Britney to Birkhead: I Feel Your Pain
- K-Fed Parties Like a Kid … Without the Kids
- Casey: I Did Not Have Sex With That Woman
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- Brit: A Free Woman for Halloween
- Britney’s Still a Daddy’s Girl
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