Skip to main content

Characteristic of a Limited Contract

• Has commencement and completion date;

• Terms cannot be more than the period of 4 years. It can be renewed through a mutual consent in a lesser period of time;

• Contract will be terminated at the end of the contract period, unless renewed by both parties (employee and employer);

• If the employer wish to terminate the contract for reasons other than those specified in Article 120 of the Law (U.A.E. Labor Laws), he shall be liable to pay compensation to the employee based on wages due to him/her.

• If the contract, however, is terminated by the employee for reasons other than those stated under Article 12l of the Law, the employee should be liable to compensate the employer against any loss resulting from the termination. The amount of compensation payable is calculated based on the employee’s salary for one month and a half or whichever is less.


Sources: UAE Labor Law
Need to clarify more, please post your queries and comments to get answers...

Tnx for reading
KSM

Comments

Popular posts from this blog

Certificate of Employment - Sample

As an HR Generalist, i used to work with all HR related documentations, and below is one of my creation while i was working in a Aluminium Manufacturing Industry. You can re-use it by changing only the required text to change which is obvious which needs replacement and what should need to add: Tnx for Reading KSM

Sample of Import & Export Monitoring Sheet Form

Dear All, While i was trying to consolidate all my import-exports sheets i have come to this summary wherein i can monitor all the in and outs including buying-selling of goods for each shipments of products. Please have a look, you might able to use the same format if your a Trader or Distributor or Wholesaler. Just wanted to Share something effective to monitor imports and exports for Traders like me!!! From  KSM

The Best Letter of Credit Mode of Payment for International Trading Business

I have been into International type of work and business for about 8 years, i have learned many things about how to safeguard the buying and selling at international schemes. For me the best Letter of Credit (LC) to use in for buyer and seller LC at Sight for the reasons which states below: - Letter of Credit @ Sight is 100% safe to both buyer and seller - It is safe, fast and secure - There is a negotiating bank as a middle bank coordinating between buyer's bank and seller's bank - There is advantage for Buyer to pay the amount to their bank up to 120 days credit limit or in banking worlds they call it "credit Facilities" - Payment is immediately can be credited to Supplier's Bank upon presentation of required documents to Negotiating Bank for as long that documentary presented is clear, concise and accepted as per Buyer's Bank instructions or requirements. - In the start it is really difficult but once you get use to it, it is like receiving ...