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Labor agreements are crucial documents resulting from successful negotiations, often following or avoiding strikes. They outline rules governing wages, hours, and employment conditions for unionized employees. Most unions require member ratification for these agreements, though it's not legally mandated. Labor agreements offer enforceable protections that exceed minimum legal standards, obligating employers to adhere to their terms in human resource decisions concerning union-represented employees. It is essential for managers to be well-versed in the labor agreements relevant to their workforce.