Limited vs Unlimited period labor contracts

The main difference between the limited and unlimited contracts is that the limited contract is not - at any time - subject to termination by any of the parties whether the employer or the employee and in case of termination/resignation the party who defaulted shall be liable for compensation amounting to the remaining period of the contract with a cap of three months salary.

However, in the unlimited contract both parties can terminate the contract at any time subject to providing sufficient notice period - as stipulated in the contract - in addition to valid reason for resignation/termination.