What is the memorandum of settlement?
A) Management's agreement to bargain with the union
B) A summary of terms and conditions agreed to by the parties
C) A proposal for negotiation
D) The signed collective agreement
E) The union's agreement to bargain with management

Question

Quizplus · Accepted Answer

The memorandum of settlement is a summary of terms and conditions that have been agreed to by the parties involved (usually management and the union) in collective bargaining negotiations. It is a written document that outlines the key provisions and terms of the collective agreement that has been reached between the two sides. The memorandum of settlement serves as a guide for both parties moving forward with the implementation and enforcement of the collective agreement.

What Is the Memorandum of Settlement