Withdrawal from negotiations or agreement involving multiple businesses
58 Withdrawal from negotiations or agreement involving multiple businesses
A party to a negotiation for an agreement, or to an agreement, concerning a work group under this subdivision may withdraw from the negotiation or agreement at any time by giving reasonable notice (in writing) to the other parties.
If a party withdraws from an agreement concerning a work group under this subdivision—
the other parties must negotiate a variation to the agreement in accordance with section 56 (Negotiation of agreement for work groups of multiple businesses); and
the withdrawal does not affect the validity of the agreement between the other parties in the meantime.
This Act’s bill:Explanatory statementSecond reading speech
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