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hi Im Fiona at Martin solicitors Im going to explain the essential facts you need to know about settlement agreements so you can get the best deal what is the difference between a settlement agreement and a compromise agreement settlement agreements used to be called compromise agreements and to a large extent this was just a name rebranding exercise however there are some benefits to employees with the change to settlement agreements we now have much clearer guidelines on how a settlement agreement should be offered to the employee the a cascode of practice says that there should be a reasonable time for the employee to consider the offer and they say that this should be 10 days this is in order to give you enough time to seek legal advice and to make an informed choice as to whether to accept or not rather than to be put under pressure while its true that employers got the right to protected conversations there are limits to this that are also set out in the HS code there cant be