term contracts
[/tɜːrm ˈkɒntræks/]
nounpl: term contracts
contratos por prazo determinado
1. Agreements between parties that are valid for a specified period of time, after which they must be renewed or terminated
The company signed several term contracts with its suppliers for a period of two years.
A empresa assinou vários contratos por prazo determinado com seus fornecedores por um período de dois anos.
2. In employment, agreements where an employee is hired for a fixed duration rather than indefinitely
Teachers often work under term contracts that are renewed annually.
Professores frequentemente trabalham sob contratos por prazo determinado que são renovados anualmente.
3. Legal agreements that specify a definite end date and conditions for renewal or termination
The lease included several term contracts outlining payment schedules and renewal options.
O contrato de aluguel incluía vários contratos por prazo determinado estabelecendo cronogramas de pagamento e opções de renovação.
In Brazil, term contracts (contratos por prazo determinado) are heavily regulated by labor laws. Employers must justify the use of term contracts, and they cannot be used indefinitely for the same position. In the USA, term contracts are common in academia and public employment. The concept reflects different labor market dynamics and regulatory frameworks between countries.
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