Some Unions Negotiate a _______________________________ Clause into Their Contracts to Ensure

question 35

Short Answer

Some unions negotiate a _______________________________ clause into their contracts to ensure that when an employer sells its company, the new owner will recognize and bargain with the union.

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Definitions:

Liabilities

Financial obligations or debts owed by a business or individual to creditors.

Personally Insolvent

A state in which an individual cannot meet their debt obligations with their available financial resources, potentially leading to bankruptcy.

Capital Accounts

Accounts that show the net ownership interest of an entity's owners, including their contributed capital and retained earnings.