Britney And Kevin's Divorce Settlement: Kevin To Ditch Kids, Party In Vegas Every Other Weekend

Well, it's finally happened. Yesterday, Britney Spears and ex-hubby Kevin Federline put aside their differences long enough to sign a settlement agreement. Which, given her recent rehab-hopping and umbrella-wielding antics and his solid history of douchebaggery, is actually rather impressive. But how did it all go down? "The parties signed a global settlement on all issues of their marriage and the custody of the children," Michael Sands, a spokesman for Federline's attorney Mark Vincent Kaplan, tells PEOPLE. The deal was worked out in 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. Unfortunately, the terms of the agreement are still largely unknown, which leaves us to recklessly speculate based on a complete lack of evidence, hearsay or even persuasive argument. Our predictions? The Queen of Rehab scores custody of Jayden James and Sean Preston and—in exchange—K-Fed will be granted custody of a large portion of Britney's bank account.