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Labor agreements are essential documents that outline the rules governing wages, hours, and employment conditions for unionized employees. Successful negotiations often result in these agreements, which typically require union members' approval before becoming final, though this is not legally mandated. They provide enforceable contractual protections that exceed minimum legal standards. Employers must adhere to the terms of these agreements when making HR decisions regarding union-represented employees, emphasizing the need for managers to be well-versed in the specific labor agreements affecting their workforce.