In an ideal world parties would be able to part amicably and reach an agreement on all aspects of their separation. Unfortunately, this is rarely the case but it is still often possible for the parties to be able to discuss matters calmly on a face to face basis and achieve a fair compromise. Often this is done after the parties have obtained some independent legal advice on what would be a fair outcome and what aspects the parties need to consider when planning for the future.
If a financial agreement can be agreed between the parties then it is normally sensible to have this agreement ratified by the Court in order to ensure that the settlement will be binding. This will not require an attendance at the Court but is often a mere formality with the Court wanting to assure itself that the agreement is broadly fair and has not arisen through duress of one of the spouses.