An open contract is the normal and general form of employment relationship at work. This type of contract has no end date.
What Are the Advantages of an Open Contract?
An open employment contract offers an employee the possibility of employment and a stable income. It also makes it easier to obtain loans or credit from financial institutions.
What Are the Differences Between an Open Contract and a Fixed-Term Contract?
An open employment contract has no expiry date, whereas a fixed-term employment contract ends on a predetermined date.
How to End an Open Contract?
The employee or the employer can unilaterally terminate an open contract (termination, resignation, retirement) following an agreement between both parties, or in the event of a major issue.