What is a Collective Bargaining Agreement?

A Collective Bargaining Agreement (CBA) refers to the negotiated contract between an employer and a labor union representing employees, particularly in sports organizations where players are represented by a players' association. The primary purpose of a CBA is to establish the terms and conditions of employment, which can include wages, working conditions, benefits, job security, and other workplace policies that impact the employees. In the context of sports and entertainment, CBAs facilitate negotiations that cover various aspects of an athlete's career, rights, and obligations, ensuring that both the employers and employees have a clear understanding of their roles and responsibilities.

The other options do not accurately represent the concept of a CBA. For example, while a partnership might involve multiple parties, the essence of a CBA is the negotiation between an employer and a union, not competitors. Similarly, onboarding guidelines pertain to the introduction of new employees into a company, which is separate from the contractual negotiations characterizing a CBA. Lastly, a legal arrangement for independent contractors does not involve collective bargaining as it typically pertains to individual agreements rather than negotiated contracts representing a group of workers. Thus, the definition provided in the correct choice directly aligns with the function and purpose of a Collective Bargaining Agreement.