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Fiona from Martin Solicitors explains essential facts about settlement agreements. Previously known as compromise agreements, the term has been rebranded, offering clearer guidelines for employees. The ACAS code of practice mandates that employees must have a reasonable time, typically 10 days, to consider the offer, enabling them to seek legal advice and make informed decisions without pressure. While employers have the right to engage in protected conversations regarding these agreements, there are limits outlined in the HS code to ensure fair treatment. Overall, the changes aim to improve clarity and fairness for employees during the settlement agreement process.