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First of all, it's highly advisable that you refrain from signing any such document without first having it reviewed by your own attorney. Secondly, based on the limited information you have provided in your post, the stipulation will actually get filed with the court once it is signed by all necessary parties.
Normally, a Stipulation for Entry of Judgment provides that a Judgment will be entered only if you default on the payment arrangement or settlement that you agreed to. In other words, let's say the total debt is $5000. And let's say that you agree to pay that amount in installments of $500 over 10 consecutive months.
It is possible to overturn it if there is new evidence that would warrant a change. It will be very fact specific and likely our Judge will want to have the Show Cause hearing now that the NCP has an attorney.
Since a stipulated judgment typically is not appealable, any post-judgment orders arising from such a judgment are also not appealable.
Stipulate \\STIP-yuh-layt\\ verb. 1 : to make an agreement or covenant to do or forbear something : contract. 2 : to demand an express term in an agreement. 3 : to specify as a condition or requirement (as of an agreement or offer)
Stipulated agreements can be modified after a party shows that any change of circumstance has occurred. With litigated judgments, a party will only be able to modify the child custody order if they can show a significantly changed circumstance warranting a modification.
Orders are generally temporary pending the final resolution of the complaint issues by judgment after the trial or by a court-ratified settlement.A 'stipulation' is an agreement between parties that a certain fact may be considered true or accepted, or that a certain procedure may be followed in court.
A stipulation is an agreement between two parties that is submitted to the judge for approval. It eliminates the need to go to court and have a judge decide an issue. A written Stipulation and Order includes the parties' agreement, both of their notarized signatures, and the judge's signature.