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This segment discusses labor agreements and the negotiation process that leads to successful outcomes, either with or without strikes. These agreements are formalized documents that establish the rules governing wages, hours, and employment conditions for unionized employees. Unions typically require that members ratify agreements, although this is not legally mandated. Labor agreements provide protections that exceed minimum legal requirements, creating enforceable contracts for employees. Employers are obligated to adhere to these agreements in their human resource decisions, emphasizing the need for managers to be well-acquainted with the labor agreements relevant to their employees.