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What is a fixed term contract?
Generally, a fixed term contract means you are tied into the contract for a fixed term. An example would be like a telephone line, most companies have a fixed term contract of say 12 months. Apart from your 'tester period' at the beginning, you are stuck in the contract for 12 months.
What is the difference between prepaid and fixed term contract?
Prepaid is the same as fixed term!
How many years of work a fixed term contract become a regular contract in big organizations?
The fixed term of a contract does not automatically change after any time period. It remains the same until replaced by a new contract that includes a negotiated change in term.
How do you figure long term debt?
Long term debt as the name indicates is a loan for a longer duration which is generally utilized to finance long term investments. Interest rate can either be fixed or variable depending on the terms of the loan contract.
Explain - fixed assets?
fixed assets are long term assets which have long term period
What are disadvantage and advantage of fixed term contract?
An advantage of a fixed-term contract is that it provides job security for a specified period, allowing employees to plan their finances and commitments accordingly. Additionally, it can offer employers flexibility in managing workforce needs without long-term commitments. However, a disadvantage for employees is the uncertainty about future employment once the contract ends, which can lead to job insecurity. Employers may also face challenges in quickly adapting to changing business needs if they are tied to fixed-term contracts.
What is a transversal term contract?
A transversal term contract is a contract that allows multiple sellers to provide goods at fixed prices. The contract allows buyers to purchase goods from sellers for a certain amount of time at the prices set forth in the contract.
Who is a permanent staff in any company?
Permanent staff are usually defined as employees who are on an indefinite contract until such time as: - their employment is terminated by the company (either by redundancy or by being fired) - they retire - they decide to leave the company and give notice - the company ceases to operate. Casual staff are usually employed week to week with a days notice from either party to terminate the contract. Fixed-term staff are usually employed on a contract fixed in length from the date of employment for a specific project or to cover for a permanent staff member on leave. These employees are not permanent staff.
What are the types of long term contract?
longterm contract in supplier partnership
Employee Contract?
form_title= Employee Contract form_header= Create a well written and widely used employee contract. Would you like to create a long term or short term contact?*= () Long Term () Short Term () Both Have you ever created a short term contract?*= () Yes () No Is the contract for permeant or temporary employment?*= () Temporary () Permanent () Both
What is the Difference between short and long term contract?
A short term contract is any contract that is started and completed within a fiscal year. A long-term contract is any contract that is started in a fiscal year and is completed in another fiscal year. For instance. If the taxpayer has a December 31 year end and a contract is started on December 24th and completed on January 3rd, this is deemed a long-term contract even though the duration of the contract was only 10 days.
What does no long term contract mean?
it means no long terms lol
