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The phrase "a consent decree" is correct and usable in written English.
It is typically used in legal contexts to refer to a formal agreement that resolves a dispute between parties, often approved by a court.
Example: "The company entered into a consent decree to address the environmental violations and ensure compliance with regulations."
Alternatives: "a settlement agreement" or "a court-approved agreement".
Exact(57)
That suit was settled with a consent decree.
Facebook is operating under a consent decree with regulators.
In 1995 it signed a consent decree naming a federal monitor to root out corruption.
In November, the Justice Department arrived at a consent decree with Microsoft.
Under a consent decree, ILR was forced to cap the site and pump leachate from it.
In the end, it agreed to sign a consent decree without admitting or denying the accusations.
Federal authorities want any agreement enforced by a consent decree signed by a federal judge.
But the city appears to be balking at entering into a consent decree.
Mr. Salop helped the Justice Department fashion a consent decree in its first action against Microsoft.
(Trump strongly denied the charges, which eventually led to a consent decree).
A court imposed a consent decree on Mr. Gates's Microsoft to curtail its monopoly practices.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com