The 'Lectric Law Library's Lexicon On
* Agreement, Collective Bargaining *
AGREEMENT, COLLECTIVE BARGAINING - An agreement negotiated between a labor union and an employer that sets forth the terms of employment for the employees who are members of that labor union. This type of agreement may include provisions concerning wages, vacation time, working hours, working conditions, and health insurance benefits.
Some types of collective bargaining are regulated by various labor laws and regulations.
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