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Labor relations - refers to that part of labor law which regulates the relations between employers and
workers. Example: Book V of the Labor Code which deals with labor organizations, collective
bargaining, grievance machinery, voluntary arbitration, conciliation and mediation, unfair labor practices,
strikes, picketing and lockout.

Labor standards - refers to that part of labor law which prescribes the minimum terms and conditions of
employment which the employer is required to grant to its employees. Examples: Books One to Four of
the Labor Code as well as Book VI thereof which deal with working conditions, wages, hours of work,
holiday pay and other benefits, conditions of employment of women, minors, househelpers and
homeworkers, medical and dental services, occupational health and safety, termination of employment
and retirement. cralaw

Q: What is a compromise?

A: A compromise is a contract whereby the parties, by making reciprocal concessions, avoid litigation or put an end to one
already commenced. (Art. 2028, NCC)

Q: What are the characteristics of a compromise?

A:

1. Consensual
2. Reciprocal
3. Nominate
4. Onerous
5. Accessory (in the sense that a prior

conflict is pre supposed)

6. Once accepted, it is Binding on the

parties, provided there is no vitiated consent (McCarthy v. Barber Steamship Lines, 45 Phil. 488).

7. It is the Settlement of a controversy principally, and is but merely incidentally, the settlement of a claim. (Ibid)