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End Of Fixed Term Contract Template for India

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Key Requirements PROMPT example:

End Of Fixed Term Contract

"I need an End of Fixed Term Contract for a software developer in our Bangalore IT company, whose 2-year contract expires on March 31, 2025, including clauses for IP protection and the return of company-issued equipment."

Document background
The End of Fixed Term Contract document is essential for organizations operating in India that employ individuals under fixed-term arrangements. It is used when a predetermined employment period reaches its natural conclusion, as specified in the original employment contract. This document serves multiple purposes: it confirms the completion of the fixed term, outlines the final settlement process, addresses the return of company property, reminds the employee of any surviving obligations (such as confidentiality), and ensures compliance with Indian labor laws including the Industrial Employment (Standing Orders) Act and state-specific legislation. The document is crucial for maintaining clear records of employment termination and protecting both employer and employee interests.
Suggested Sections

1. Letter Header: Company letterhead, date, reference number, and employee details

2. Subject Line: Clear indication that this is an End of Fixed Term Contract notice

3. Employment Details: Reference to original employment contract, position held, and term duration

4. Confirmation of Term Completion: Statement confirming the completion of fixed term and last working day

5. Final Settlement Details: Overview of salary, benefits, and statutory payments due

6. Company Property: List of company assets to be returned and process for return

7. Confidentiality Reminder: Reminder of ongoing confidentiality obligations post-employment

8. Full and Final Settlement: Confirmation that all dues will be settled and timeline for settlement

9. Acknowledgment Section: Space for both parties to sign and acknowledge the document

Optional Sections

1. Certificate of Service: Optional section offering to provide a service certificate or reference letter

2. Non-Compete Reminder: Include if the original contract contained non-compete clauses that survive termination

3. Benefits Continuation: If applicable, details about any benefits that extend beyond the termination date

4. Exit Interview: If company policy requires, include details about exit interview process

5. Rehire Eligibility: Optional statement about eligibility for future employment with the organization

6. Dispute Resolution: Include if there are specific procedures for resolving any post-termination disputes

Suggested Schedules

1. Schedule A - Final Settlement Calculation: Detailed breakdown of all payments including salary, bonus, gratuity, and other benefits

2. Schedule B - Company Property Checklist: Itemized list of company property to be returned

3. Schedule C - Compliance Checklist: List of statutory and regulatory compliance requirements completed

4. Appendix 1 - Exit Clearance Form: Form for obtaining clearance from various departments

5. Appendix 2 - Benefits Summary: Summary of any benefits and their status post-termination

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


















Clauses




















Relevant Industries

Information Technology

Manufacturing

Construction

Healthcare

Education

Financial Services

Retail

Telecommunications

Professional Services

Hospitality

Media and Entertainment

Pharmaceutical

Agriculture

Mining

Transportation and Logistics

Relevant Teams

Human Resources

Legal

Finance

Operations

Administration

Compliance

Payroll

Relevant Roles

Project Manager

Software Developer

Contract Teacher

Seasonal Worker

Construction Supervisor

Research Associate

Marketing Specialist

Financial Analyst

Sales Representative

Production Worker

Temporary Administrator

Contract Nurse

Project Consultant

Site Engineer

Interim Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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