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My current contract does not entitle me to give notice; so I need to stay until the contract expires or the client says there is no more work for me.
Is this pretty common these days?
In IB for certain clients, yes. They'll happily serve notice when they give you a rate cut and start you out on 10% less a few weeks later. Typically they include them to stop you jumping ship post rate-cut.
The greatest trick the devil ever pulled was convincing the world that he didn't exist
There are termination clauses, only not from my side (i.e. I can't just leave mid-contract if I decide it's time to move on).
I had a similar clause with an RBS contract a fair few years ago. My options were:
1) Walk if I found that the contract didn't suit, e.g. people, place, type of project that I was given to work on
2) Stick it out and not renew.
I chose option 1) but told my line manager that I would be going before the end of the contract. He threatened all sorts such as making sure I never worked in the Finance Industry again. Funny thing is, some 20 years later, I'm still working in the Finance Industry and ours being such a small world I've never seen or heard where said line manager is working. But my learned lesson is that I never accept a contract that has such a clause.
"Hope your doing fine". My favourite opening line in emails from certain agencies! Not only the fact they can't spell, but who actually says that?
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