Common use of DEVELOPING AND HANDLING AGREEMENTS Clause in Contracts

DEVELOPING AND HANDLING AGREEMENTS. As negotiated items are agreed upon, they shall be reduced to writing and initialed by both parties. Such item approval and agreement is subject to the further development of an entire contract or agreement and its approval by the respective teams for the Association and the Board. When concurrence is reached by the teams upon a final agreement, the same shall be reduced to a single writing, which shall be initialed by both parties to the negotiations. Within seven (7) days thereafter, the proposed final agreement shall be submitted to the Association for its consideration and action; within seven (7) days subsequent to the Association action, the agreement shall be submitted to the Board for its consideration and action.