THIS IS THE QUESTION: In 300 words, please explain the definition and importance of Collective Bargaining Agreement as a simple two-way conversation in which the participants attempt to resolve the outstanding issues and often the first step in resolving conflict in both formal and informal system of conflict resolution.

AND THIS IS THE ANSWER, I JUST WANT YOU TO REPHRASE THIS SENTENCES ACCORDING. THANKYOU :)

A collective bargaining agreement (CBA) is a written legal contract between an employer and a union representing the employees. The CBA is the result of an extensive negotiation process between the parties regarding topics such as wages, hours, and terms and conditions of employment. Collective bargaining is important. It permits employees to work together as a unit to negotiate with employers on a more level playing field. By negotiating as a unit, employees have more bargaining power and leverage at the bargaining table. Collective bargaining has both advantages and disadvantages which can work for or against the parties involved. They also served as a cornerstone institution for democracy, a mechanism for increasing workers' incomes, improving working conditions and reducing inequality, a means for ensuring fair employment relations and a source of workplace innovation. The principle stems from the idea that as a group, employees have more strength or bargaining power if they collaborate than they do if they try to negotiate with their employer individually. Because of its basis in collaboration, collective bargaining is inherently a democratic process since a majority of employees select the subjects they bargain over and vote on whether they agree to a contract. As for what can be negotiated, aside from compensation, a collective bargaining agreement with an employer can ensure a fair performance rating system, whistleblower protection, job flexibility, proper training and/or mentoring, career advancement opportunities, maintenance of quality control, and the overall ability to hold the employer accountable. Collective Bargaining Agreement it involves the process of union organization of employees, negotiations administration and interpretation of collective agreements concerning wages, hours of work and other conditions of employees arguing in concerted economic actions dispute settlement procedures. Collective Bargaining is a process in which the representatives of a labor organization and the representatives of business organization meet and attempt to negotiate a contract or agreement, which specifies the nature of employee-employer union relationship.

It is important to note that once a CBA is reached, both the employer and the union are required to abide by that agreement. Therefore, an employer should retain legal counsel before participating in the collective bargaining process. Commonly, collective bargaining is accomplished by a union, which provides, for the employer, an efficient way of responding and communicating with the workers. This is accomplished through a representative, or spokesperson, employed by the union on behalf of the member employees. Not all collective bargaining is seen as good, it all depends on the parties negotiating with each other.