Concept of Collective Bargaining
Collective bargaining refers to the negotiation of working conditions by a trade union and an employer or employers’ association. The labor union and the employer come to agree collectively on working conditions or other fair rules of labor relations and conclude a Collective Agreement.
Good Faith Principle
A trade union and an employer or employers’ association shall bargain and make a collective agreement with each other in good faith and sincerity and shall not abuse their authority.