Collective Bargaining Agreement (CBA) is a legal agreement between a company or an organization and its employees represented by a union. It outlines the terms and conditions of employment, wages, benefits, working hours, and other issues related to the employment relationship.

The process of collective bargaining involves negotiations between the company and the union, which represents the interests of the employees. The union and the company discuss and agree on the terms of the agreement, which is then ratified by the employees through a vote.

The CBA is designed to protect the interests of both the company and its employees. For the company, it ensures that it has a stable and productive workforce, while the employees are guaranteed fair wages, working conditions, and benefits.

Here are some key features of a Collective Bargaining Agreement:

1. Wages: The CBA sets the minimum and maximum wages for employees in different positions within the company. The union negotiates for fair wages that reflect the market value of the employees` skills and expertise.

2. Benefits: The CBA outlines the benefits that employees are entitled to, such as health insurance, retirement benefits, paid leave, and other perks. The union negotiates for the best possible benefits for its members.

3. Working conditions: The CBA outlines the working conditions of employees, such as their working hours, breaks, and safety measures. The union ensures that the company provides a safe and healthy working environment for its members.

4. Grievance procedures: The CBA outlines the process for resolving any disputes between the company and its employees. The union ensures that the employees have a voice in resolving any issues that may arise.

Collective Bargaining Agreements are legally binding and are enforceable by law. Employers are required to adhere to the terms and conditions of the CBA, while employees are entitled to the benefits outlined in the agreement.

In conclusion, Collective Bargaining Agreement is a legal agreement that outlines the terms and conditions of employment between a company or an organization and its employees represented by a union. The CBA ensures that both the company and its employees` interests are protected, and it is enforceable by law.