What is the term for a negotiated contract between employer and employees that regulates duties and conditions for both sides?

A negotiated contract between an employer and employees that outlines the duties and conditions for both parties is referred to as a collective agreement. This term specifically embodies the outcome of negotiations typically between an employer and a labor union representing the employees. Collective agreements establish essential aspects of the employment relationship, including wages, working hours, benefits, and other work conditions.

In contrast, while an employment contract generally pertains to agreements made between an individual employee and the employer, it does not specifically involve negotiations that include collective bargaining representatives. Union contracts are often synonymous with collective agreements but may not encompass the broader context of negotiations that include multiple employers or industries. Labor agreement, though similar, is less commonly used and might refer to specific aspects of labor relations rather than the overarching contract that governs the broad terms of employment in a unionized environment. Therefore, the term collective agreement most accurately captures the negotiated nature and scope of such contracts.