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Fiona from Martin Solicitors explains key facts about settlement agreements, previously known as compromise agreements. While the name change is largely cosmetic, it brings clearer guidelines for employees. The updated Acas Code of Practice states that employees should have a reasonable 10-day period to consider the offer, allowing time for legal consultation and informed decision-making. Although employers can initiate protected conversations regarding settlement agreements, there are limitations outlined in the Acas Code to ensure fair treatment.