What is the difference between a fixed-term and an indefinite-term contract?

In Michigan, the difference between a fixed-term and an indefinite-term contract comes down to the duration of the contract. A fixed-term contract is a legal agreement between an employer and employee that is valid for a certain amount of time. This could be for a few weeks, months, or even years. Once the term of the contract ends, the contract is terminated unless it is renewed or extended. An indefinite-term contract, on the other hand, does not have a fixed end date and is open-ended. This type of contract does not specify when it will end and generally remains in effect until either the employer or employee terminates it. The employee is considered to be employed at-will, meaning they can be terminated at any time without notice, cause, or warning. The way in which these contracts differ is important to note as they will have different requirements and regulations. In Michigan, it is necessary to understand the type of contract you are signing and the legal implications of it. This will help you know what rights and obligations you have under the contract and what the consequences may be if you fail to abide by them.

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What is the difference between a fixed-term and an indefinite-term contract?

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