Labor agreements are formal contracts between employers and employees, often represented by unions. These agreements outline the terms of employment, including wages, working conditions, benefits, and dispute resolution processes. They aim to ensure fair treatment and protect the rights of workers while providing employers with a clear framework for managing their workforce. Typically negotiated through collective bargaining, labor agreements can cover various aspects of the workplace, such as healthcare benefits, vacation time, and job security. These agreements are essential for maintaining a positive relationship between management and employees, fostering a cooperative work environment.