08/27/2007 AT 05:50 PM EDT
Jennifer Esposito and Bradley Cooper have agreed to end their four-month marriage, with the divorce going into effect in November, according to court papers made public Monday.
"It is what it should be," Esposito told PEOPLE. "You have to move on. That's what life is about; taking a situation, making the best of it and moving on."
Esposito filed for divorce
on May 1 in Los Angeles County Superior Court, citing irreconcilable differences and seeking financial support from Cooper.
The pair signed dissolution of marriage papers on Friday. The divorce becomes final on November 10 – about six months after the filing date. The financial terms were determined by a prenuptial agreement, which remained sealed, the papers show.
Esposito, 35, and Cooper, 33, wed in late December
and separated on April 5, 2007, according to the papers.
She appeared in 2005's Best Picture Oscar winner Crash
, while he starred in the short-lived 2005 FOX sitcom Kitchen Confidential
and as the bullying fiancé in the 2005 movie comedy Wedding Crashers
It was a first marriage for both.
Reporting by CHRIS GARDNER