The Hasselhoff's settle custody dispute

David and Pamela Hasselhoff have settled their child custody dispute and they have left very little to chance.

Under the settlement agreement, filed May 4 in Los Angeles County Superior Court, David and Pamela have joint custody of their two daughters Taylor, 16 and Haley 13. As for physical custody, it will be split 50 / 50.

The former couple, who fought bitterly during their divorce, are apparently trying to turn down the volume. The agreement outlines the dates custody shifts back and forth- down to the exact hour. Thanksgiving, Christmas and other holidays are specifically outlined in the agreement.

Being this specific, however, does not ensure harmony. Alec Baldwin and Kim Basinger have been in an ongoing feud over child custody, even though their agreement could be considered as specific as the Hasselhoffs. The bottom line- bad blood trumps court orders.

TMZ