Ratifying a contract is simply known as the process of approving the terms and conditions that are listed or written out in the document. The first step in the process is to Ratify their labor-management contract.
Ratification is simply known as when contract brokered by the union is accepted with a majority vote by the members.
It is when the members of the bargaining teams of the union and the employer formally sanction the terms of the collective agreement that they have negotiated. Their non agreement renders the agreement void, and negotiation resume again.
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