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Labor agreements are crucial documents resulting from successful negotiations, often requiring union member ratification before becoming final, though this is not legally mandated. They outline the rules for wages, hours, and employment conditions for unionized employees, typically exceeding minimum legal standards. These agreements provide enforceable protections for employees, and employers must adhere to these terms when making HR decisions regarding union-represented staff. It is essential for managers to be well-versed in the labor agreements relevant to their employees.