A Permanent Contract is a type of employment agreement that provides job security to employees. Unlike temporary or fixed-term contracts, a permanent contract does not have a specified end date, meaning the employee can work for the company indefinitely, as long as they meet performance expectations and the company remains operational. Employees on a permanent contract typically enjoy benefits such as paid leave, health insurance, and retirement plans. This type of contract often requires a notice period for termination, allowing both the employer and employee to prepare for any changes in employment status.