A partition and exchange agreement is a legal contract between divorcing couples that outlines the terms of their property division and distribution. Under the Texas Family Code, marital property agreements between spouses accomplish one of two ends.The document is a partition agreement between two parties to terminate their community ownership of a parcel of land and divide it between them. While it is possible for a coowner to waive the right to partition a property, it is a rarely seen and cannot happen accidentally. If you do not know an attorney and you live in the Atlanta Area, you should contact the Atlanta Bar Association Lawyer Referral Service at .