FAQs
What does indefinite mean in a contract?
Indefinite in a contract implies that there is no fixed duration or end date specified for the agreement. It lacks a clear termination point and continues until one party decides to terminate it according to the terms outlined in the contract.
What is an example of an indefinite contract?
An example of an indefinite contract could be an employment agreement without a specified end date, where the employee continues to work for the employer until either party decides to terminate the contract by giving notice as per the terms agreed upon.
What is an indefinite term contract in Japan?
In Japan, an indefinite term contract refers to an employment agreement without a fixed end date. This type of contract provides job security to employees as they can continue their employment until either party decides to terminate it according to the terms specified in the contract or by law.