Britney & Kevin Reach A Divorce Settlement

TMZ has learned Britney Spears and Kevin Federline have reached a settlement in their divorce. 

Sources say that under the terms, K-Fed will walk away with around $1 million. As for their two kids, we’re told Britney and Kevin will have joint custody, sharing physical custody 50/50. The divorce will be final, with a judge’s signature, very soon.

They have been at the lawyers office together for awhile now.  I’m glad they were able to come to an agreement.  From the look of things they are going to be able to remain friends which is wonderful for the sake of those little ones.

Here’s alittle more to add:

PEOPLE says The deal was worked out in a five-hour meeting in the Los Angeles high-rise offices of Spears’s attorney. At the table were Spears and Federline, along with Spears’s lawyer Laura Wasser and Federline’s counsel Kaplan and Jim Simon. During a smoking break downstairs, Spears met with Federline for 15 minutes.