A Collective Bargaining Agreement Negotiated Between an Employer and Its

question 83

True/False

A collective bargaining agreement negotiated between an employer and its workers is an informal agreement outlining the terms and conditions of employment.

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Definitions:

Clause

A specific provision or section within a contract or legal document that stipulates particular terms, conditions, or obligations.

Frustrated Contract

A legal concept describing a contract that, due to unforeseeable circumstances, has become impossible to perform, thus being voided without penalty to either party.

Material Alteration

The major alteration of an agreement that has the effect of discharging the contract and replacing it with another.

Renegotiate

The process of revising the terms and conditions of an existing contract through mutual agreement between the involved parties.