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Fixed-Term Contract

An employment contract with a specified end date.

Full Definition

A fixed-term contract is an employment agreement that runs for a specified period of time or until completion of a specific project. Unlike permanent employment, fixed-term employees know in advance when their contract will end. In many countries, fixed-term employees have the same statutory rights as permanent employees, including holiday entitlement, statutory sick pay, and protection against unfair dismissal. After a certain period of continuous service (typically 4 years in the EU), fixed-term employees may gain the right to permanent status.

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