1. A contract with a predetermined duration that ends on a specific date, after which it must be renewed or terminated
She signed a fixed contract for two years with the company.
Ela assinou um contrato de prazo fixo de dois anos com a empresa.
2. An employment agreement with a set end date, as opposed to an indefinite or permanent contract
His fixed contract will expire at the end of this fiscal year.
Seu contrato de prazo fixo vencerá no final deste ano fiscal.