Mel Gibson Settles Custody Case for $750,000

12:50 PM PDT 8/31/2011 by Lauren Schutte

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The actor and his ex-girlfriend Oksana Grigorieva have been battling over custodial finances for their one-year-old daughter, Lucia.

Mel Gibson and ex-girlfriend Oksana Grigorieva settled their long-standing (and bitter) legal custody battle Friday, and Wednesday the details of the settlement were released.

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The actor-director has agreed to pay $750,000 to Grigorieva as well as continue to pay for the multimillion dollar home he purchased for her and their nearly two-year-old daughter, Lucia, and provide additional financial support for the child, reports the Associated Press.

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In the settlement, Gibson agreed to pay child support equal to what he pays for his other seven children (with ex-wife Robyn).

The Beaver actor will also continue to pay for the home Grigorieva and Lucia live in until Lucia turns 18. The house will then be sold and the pair's daughter will receive the proceeds.

PHOTOS: The Hollywood Reporter Honors Jodie Foster in Cannes The $750,000 settlement is supposed to put an end to the ongoing infighting that have plagued the case from its start over a year ago, Superior Court Judge Peter Lichtman said. It will be divided into thirds with the final installment set to be distributed in 2016. Payments are dependent on a lasting truce between the pair, and the agreement states that Grigorieva cannot pursue a civil case against Gibson. Both parties are also forbidden from speaking or writing about their relationship (the release of audio tapes is specifically banned).

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Earlier this year, Gibson pleaded no contest to misdemeanor battery against Grigorieva. The plea allowed him not to spend time in jail.

Grigorieva had told authorities of the incident last year, six months after she said Gibson had hit her and threatened her while their daughter was present. Recordings of Gibson ranting subsequently surfaced on the Internet, with the actor saying that Grigorieva's assault was deserved.