Open Ended Contract Meaning

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Open Ended Contract Meaning

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BLIS

Definition The open ended contract is the normal form of employment contract concluded between an employer and an employee with no time limit By definition it does not stipulate the date on which it will end It may be terminated by unilateral decision of either the employer dismissal for personal or economic reasons An open-ended contract is defined in law as, “a contract of employment that is not fixed-term”. Such contracts may also have been known as permanent, indefinite or continuing contracts where there is no fixed end date.

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Open Ended Contract MeaningOpen-end contracts means contracts for which price bids were solicited on a unit basis because exact quantities needed were not known at the time bids were sought. Such contracts, when advertised and awarded, must include a maximum number of units that can be ordered for each item under the contract. Sample 1. Based on 1 documents. An open ended employment contract is an employment contract that has no termination date for the employee Under this type of contract the duration of time an employee will spend under a single employer is ambiguous leaving the employee free to keep working in her job as long as her performance meets expectations

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