Good-faith procedure of documented actions between an organization’s management and a trade union representing its employees for negotiating wages, working hours, working conditions, and other matters of mutual interest. To the management, this procedure presents a recognizable negotiation group. It gives equality in bargaining power to the employees. The trade union system is allegedly based on the fundamental principle of collective bargaining .

More On This Topic

Link to This Definition
Did you find this definition of COLLECTIVE BARGAINING helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary