When entering into an employment agreement, one of the crucial decisions employers and employees must make is whether to opt for a fixed-term or a permanent contract. Both types of…
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Fixed-term Contract
A fixed-term contract is a type of employment agreement that specifies the duration of an employee’s engagement with a company. It is a contract between an employer and an employee that lasts for a specified period of time, which can be a few months or up to several years. The terms of a fixed-term contract may include details such as the job responsibilities of the employee, the length of the contract, the salary and benefits the employee will receive, and any other relevant terms and conditions.
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Fixed-term contracts have become increasingly popular in recent years as a way for employers to hire staff for a specific period of time. These contracts can be beneficial for both…