Are you prepared to negotiate a divorce property settlement agreement in Arizona? This agreement is intended to help the parties formalize an allocation of their property and finances.Get all your most pressing Arizona divorce questions answered. Learn when, how, and why you need to exercise your options. A deed, patent or contract for the sale or transfer of real. 5 property in which an agency or representative of the United States, this. Powers of real estate broker or salesman. A partition and exchange agreement is a legal contract between divorcing couples that outlines the terms of their property division and distribution. A partition and exchange agreement is a legal contract between divorcing couples that outlines the terms of their property division and distribution. Also included is the installation of swimming pool accessories, covers, safety devices, and fencing for protective purposes, if in the original contract.