Contract Type: Open-ended or Indefinite Contract

Contract Duration: The agreement has no set end date and continues until terminated by either party according to the terms specified in the contract.

Long-Term Benefits: Employees under indefinite contracts are eligible for long-term employment benefits such as Provident Fund and Gratuity, which are not available to employees on fixed-term contracts.

Stability: Provides greater job security and stability for both employer and employee, fostering a more committed and productive workforce.

Considerations: While fixed-term contracts may be used for specific, short-term projects or temporary roles, they do not qualify employees for long-term benefits like Provident Fund or Gratuity.