In order to understand the difference between Contract of Indemnity and Contract of Guarantee, we need to understand few important terms. Indemnity means “Security against loss”. Both indemnity and guarantee are contingent contracts that are governed by the Contract Law.

One of the major reasons to create jobs in a country is to stimulate healthy economic growth. As long as the economy is employing new workers every month to meet the market demand, which leads to the enhancement of the labour force, the economy is well poised for growth.

Contract Staffing is important for all kinds of Industries in modern hiring infrastructure. It enables the company to hire employees for short term with customized skills and talents.