(1) The draft collective agreement shall be drawn up in the framework of collective bargaining.

(2) The negotiation, conclusion and modification of the clauses of the collective agreement at the respective level, clauses that provide for the allocation of budgetary means, are usually carried out by the parties before the draft budget for the financial year corresponding to the term of the agreement.

(3) The manner and terms of elaboration of the draft collective agreement and of its conclusion shall be established by the social partnership body of the corresponding level.

(4) Unresolved differences shall be the subject of subsequent collective bargaining or shall be resolved in accordance with this Code and other normative acts.

(5) The collective agreement shall be signed by the representatives of the parties.