According to the settlement, Kim and Kanye will get joint custody with "equal access" to their 4 children.

Even Kanye has acknowledged Kim already has the kids 80% of the time.

According to the settlement, Kanye will pay Kim $200,000 a month in child support.

if there's ever a dispute regarding the children, Kim and Kanye agree they will participate in mediation.

The divorce stalled because Kanye refused to engage, and Kim went to court last March to get an official decree ending the marriage, with both custody and property to be resolved at a later date.

The settlement came Monday, on the eve Kanye was scheduled to have his deposition taken in case the matter went to trial next month.