Employment Contract Without End Date
Description
How to fill out Oklahoma Employment Hiring Process Package?
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FAQ
Legally, a date is not required; if there is an expected timeline but a listed date is not on the contract, it is not considered enforceable. If the contract is undated but is marked as "for consideration," it is still valid. "For consideration" shows that each party has something to offer the other.
Here are some steps you may use to guide you when you write an employment contract:Title the employment contract.Identify the parties.List the term and conditions.Outline the job responsibilities.Include compensation details.Use specific contract terms.Consult with an employment lawyer.Employment.More items...?
With an open-ended work contract, the clauses are the same, except you don't set an expiration date. Instead, you specify the terms for ending the contract, typically by cancellation with advance notice or when one side or the other commits fraud.
A contract with a definite term has only a start and an end date. There is no option to extend or renew the contract. Even if the contract has survival provisions or contingencies, it is still definite for purposes of contract management.
Most contracts specify a term when the contract will expire. However, some contracts are drafted based on an on-going relationship with no specified end date. These contracts are often described as perpetual or indefinite contracts.
