Billings Paper Co. recently sold their Green Bay, WI plant to a larger company. The union contract specified that any new owner would need to recognize and bargain with the existing union at Billings. This contract provision is called a(n):

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A successorship clause is a provision in a union contract that requires any new owner of a company to recognize and bargain with the existing union. In this case, since Billings Paper Co. sold their Green Bay plant to a larger company, the new owner is required to recognize and bargain with the union, as per the successorship clause in the contract. The other options (B, C, and D) do not accurately describe this specific contract provision.