reopener clause

reopener clause definition - business

reopener clause

Provision in a labor contract allowing one or either party to reopen negotiations for the entire agreement or specific portions of the agreement. The purpose of a reopener clause is to allow one party to force the other party to renegotiate portions of the agreement covered by the reopener clause. See also midterm bargaining.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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