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Fiona from Martin Solicitors explains essential facts about settlement agreements, which used to be called compromise agreements. With the rebranding, there are now clearer guidelines on how settlement agreements should be offered to employees, including a 10-day consideration period. While employers have the right to protected conversations, there are limits outlined in the ACAS Code of Practice. This allows employees the time to seek legal advice and make an informed decision, rather than being pressured.
