Wage Agreement
/ˈweɪdʒ əˈɡriːmənt/
Definitions
- (n.) A negotiated and legally binding contract between employers and employees or their representatives that sets out wages, working conditions, and related terms of employment.
The wage agreement between the union and company established the minimum pay scale for the next year.
Forms
- wage agreement
- wage agreements
Related terms
See also
Commentary
Wage agreements are typically collective in nature and serve to standardize compensation terms; clear language is essential to prevent disputes over pay and conditions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.