An agreement is a carefully worded and legally binding contract that makes the terms of your arrangement and expectations clear. In order to have a strong, clear understanding between two parties doing business, you need to have a contract. A specific, carefully worded written agreement makes the arrangement, expectations, and measurable outcome clear to all. Protect your business by using a general agreement. The purpose of the Agreement is to maintain a harmonious and mutually beneficial relationship between the Employer and employees and between the Union and the Employer, and to set forth certain terms and conditions of employment relating to remuneration, hours of work, benefits and general working conditions etc.