Fixed-Term
/ˌfɪkstˈtɜrm/
Definitions
- (adj.) Relating to an agreement, contract, or employment set for a predetermined duration with a specified end date.
She was employed under a fixed-term contract lasting two years.
Related terms
See also
Commentary
Used primarily to specify the limited duration of agreements, it is critical to draft fixed-term clauses clearly to avoid unintended extensions or conversions to indefinite terms.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.