collective bargaining agreement

  

Definition

Written, legally enforceable contract for a specified period (usually one year), between the management of an organization and its employees represented by an independent trade union. It sets down and defines conditions of employment (wages, working hours and conditions, overtime payments, holidays, vacations, benefits, etc.) and procedures for dispute resolution. Also called labor agreement, union agreement, or union contract.

Use this term in a sentence

  • When you enter into a collective bargaining agreement you must follow everything you agreed to or damage your reputation permanently.

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  • The collective bargaining agreement entered into by the firm was non-negotiable so it was upheld in the court of law.

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  • They reached a collective bargaining agreement and then broke for lunch, so they could discuss if they had made the right choice.

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