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A party to a settlement isn't entitled to unilaterally modify the settlement. Once a court approves a divorce settlement, it is enforceable by the courts. If one spouse refuses to comply with the terms of a settlement, the other spouse may motion for contempt. The court can then sanction the noncompliant spouse for refusing to comply with the court's order.
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Property settlements aren't typically subject to modification unless they are obtained through duress or fraud. However, a spouse may potentially petition to modify or terminate alimony based on changes in the circumstances of the parties involved. That said, until such a time as alimony is modified, one spouse isn't entitled to withhold alimony to use the court ordered sum as a hammer with which to coerce the other spouse. Refusing to pay alimony pursuant to an existing order can result in a finding of contempt.