define open contract
Thus, an open-ended agreement is an agreement or contract which does not have an ending date but which will continue for as long as certain other conditions, identified in the agreement, exist. Many employment contracts are open-ended in that they are not for a set period of time. Further, where contracts of employment for set periods of time are renewed time and time again, a point may be reached where, notwithstanding that employment is at all time stated to be for a set period of time, to be indefinite.