What describes a Fixed-Term Contract?

A Fixed-Term Contract is characterized by having a predetermined end date, which clearly distinguishes it from other types of employment agreements. This type of contract is often used for specific projects, seasonal work, or temporary positions where the duration of employment is explicitly defined from the beginning.

By specifying when the contract will conclude, both the employer and the employee understand the temporal limits of the agreement. This clarity helps in planning and resource allocation for the employer while giving employees a clear expectation regarding the term of their employment. Fixed-Term Contracts often include the same rights and benefits as permanent contracts during their duration, thus providing job security until the contractually agreed end date. This understanding makes it particularly useful in industries that experience fluctuating labor needs.

In contrast, an agreement without a specified end date pertains to indefinite contracts, a contract for a specific project only may not necessarily have a set expiration unless dictated by the project's scope, and flexibility in working hours relates to how time is managed within a job rather than the term of employment itself.