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Collective Agreements are deals negotiated by unions and employers. Collective Agreements provide certain terms and conditions of employment for a group of employees, called the 'bargaining unit,' who are represented by a trade union.
It is not legally binding as between the parties unless in writing and stated to be so, although it may have binding consequences as between a worker and an employer if it is incorporated into the worker's contract.
Collective Bargaining AgreementWages.Working hours and conditions.Employee benefits.Grievance and arbitration procedures.Limitations on strikes.The union's rights and responsibilities.Management's rights and responsibilities.
Letter of Understanding. This is a formal letter to summarize conversation in collective bargaining between HEABC and Resident Doctors of BC where parties agree to work jointly on specific areas of issue.
In summary, a collective agreement is a written agreement that sets out the: employment terms and conditions for unionized employees (for example, wages, hours, working conditions and benefits) rights, privileges and duties of everyone involved (the employer, union and employees)