collective agreement

noun
1.
the contract, written or oral, made between an employer or employers and a union on behalf of all the employees represented by the union.
2.
the schedule of wages, rules, and working conditions agreed upon.

Origin:
1935–40

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
collective agreement
 
n
a negotiated agreement, which is not enforceable at law, between an employer and employees' representatives, covering rates of pay or terms and conditions of employment, or both

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
In many ways, professions define and sustain themselves with a collective agreement to be bound by regulations.
The employer may pay a complementary unemployment benefit under collective agreement.
There were no known cases during the year of the government refusing to approve a collective agreement.
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