Contracts which typically establish work policies including rates of pay, amounts of vacation time, and seniority rights of employees are referred to as collective bargaining agreements.

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Collective bargaining agreements are negotiations between employers and labor unions to establish work policies and conditions. These agreements usually cover issues such as wages, benefits, hours of work, and working conditions. Once an agreement is reached, it becomes binding on both parties and governs the relationship between the employer and the employees represented by the union.

Contracts Which Typically Establish Work Policies Including Rates of Pay