Pitfalls of Fixed Term Contracts

Fixed-term employment contracts are only appropriate for truly temporary work. They can be tricky to navigate, with significant implications for early termination.

Employers should avoid using fixed-term contracts as they can create unexpected liabilities and obligations upon termination.

On the other hand, employees should be aware the termination of fixed-term contracts can grant them significant severance entitlements. Have your severance package reviewed by an experienced employment lawyer to ensure you aren’t missing out on additional severance owed.