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In this Union Facts Friday tutorial, Charles explains the concept of a Collective Bargaining Agreement (CBA). A CBA is a written contract resulting from negotiations between employees, represented by a union, and company management. The agreement aims to regulate various employment terms, including wages, work hours, health insurance, retirement plans, dispute resolution, training, vacation, and holidays. The National Labor Relations Act empowers employees to bargain collectively through a representative of their choice. It is considered an unfair labor practice for either side to refuse to negotiate in good faith.