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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
A contract period, also known as contract time, is the number of days between a specific start date and a specific end date, as outlined in a contract.
Long-term contract means a contract of more than five years in duration. A long-term contract is a contract to perform work for another over an extended period of time.
Here's my rule of thumb: contracts can be one page, a couple of pages, a few pages, but shouldn't be longer than 20 pages. Anything longer is a sure sign of a lawyer who is cutting and pasting provisions from past contracts into a new contract.
Written Employment Contracts The term can be for whatever time period is agreeable between you and your employer. However, if the term is to be more than one year, the employment contract will not be valid unless it is in writing.
A contractual term is “any provision forming part of a contract”. Each term gives rise to a contractual obligation, breach of which can give rise to litigation. Not all terms are stated expressly and some terms carry less legal gravity as they are peripheral to the objectives of the contract.
Answer: This question is incredibly broad, but to summarize, in brief, a short term contract must be for a fixed duration and will come to an end once the end date is reached or, if the contract is for a specific task, when the task is complete.
The term of a contract refers to its duration. Even if they are evergreen (indefinite end date), contracts still address their own end. A contract with a definite term has only a start and an end date. There is no option to extend or renew the contract.
English law contracts can (and often are) open-ended. No specific end date is required. When drafting an open-ended contract, be sure to provide for no-fault termination rights for each party.
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