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What is a fixed term contract and a permanent contract?

April 26, 2017contract fixed PERMANENT term

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What is a fixed term contract and a permanent contract?

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A fixed term contract is defined as: “A contract of employment that is due to end when a specified date is reached, a specified event does or does not happen or a specified task has been completed.” A permanent contract is defined as: “A contract which is permanent and is not fixed term, but any such contract may be lawfully terminated in various circumstances.”