This document, an outgrowth of the national conference of the Institute of Continuing Legal Education held in 1971, sets forth the views of lawyers and educators concerning the legal, economic, and institutional implications of faculty collective bargaining. Part I, principles and practices of collective bargaining, discusses legal principles of public sector bargaining, perspectives in public sector bargaining, and practical considerations of faculty bargaining. Part II, institutional differences, reviews collective bargaining in public institutions, private institutions, and the National Labor Relations Board, collective bargaining in community colleges, institutional differences, and cases at the University of Michigan. Part III, alternatives to collective bargaining, reviews alternatives to collective bargaining and traditional governance and bargaining at the City University of New York. Part IV. faculty organization, discusses whether faculties should organize and the pros and cons of collective bargaining. Part V, discusses the problems and procedures of the bargaining process. (MJM)