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In this video tutorial, the speaker discusses the different kinds of employment contracts, including piece work, casual labor, term contract, and unlimited term (also known as permanent employment). Piece work involves negotiating a specific amount of work to be completed, regardless of how long it takes. Casual labor is typically short-term and temporary, while term contracts have a set duration. Unlimited term contracts offer permanent employment. The key point is that each type of contract has its own characteristics and considerations.
