PRE-NEGOTIATION FINANCIAL INFORMATION Clause Samples
The PRE-NEGOTIATION FINANCIAL INFORMATION clause requires parties to exchange relevant financial data before formal negotiations begin. Typically, this involves sharing documents such as balance sheets, income statements, or other financial disclosures to provide a clear picture of each party's financial standing. By ensuring that all parties have access to accurate financial information upfront, this clause helps facilitate informed decision-making and reduces the risk of misunderstandings or disputes during negotiations.
PRE-NEGOTIATION FINANCIAL INFORMATION. A. The Borough agrees to furnish, upon timely request, the legally required statistical, budgetary, or payroll information necessary to the orderly conduct of collective bargaining.
B. The minimum timeframe to respond to a request is ten (10) business days, but may be longer depending upon the type of request and availability of data. The Employer will notify the Union if the timeline requested is not possible and will provide an alternate timeline for providing the requested information.
PRE-NEGOTIATION FINANCIAL INFORMATION. The Employer agrees to furnish, upon timely request, the legally required statistical, budgetary, or payroll information for bargaining unit members necessary to the orderly conduct of collective bargaining.