When you sign a contract with a company, it`s important to understand what happens when that contract comes to an end. Whether you`re working as an independent contractor or as part of a larger team, the end of a contract can be a tricky time to navigate. Here`s what you need to know about what happens when your contract ends.

1. Review the terms of your contract

Before your contract comes to an end, it`s important to review the terms and conditions outlined in the agreement. This will help you understand your rights and responsibilities as the contract draws to a close. Keep in mind that some contracts may have a notice period that you need to adhere to, so make sure you understand the timeline for ending your contract.

2. Discuss future opportunities

If you`re interested in continuing to work with the company, it`s important to have a conversation about future opportunities. This may include negotiating a new contract or discussing the possibility of ongoing work as a consultant or freelancer. Be clear about your expectations and ask the company about their plans for future projects.

3. Update your resume and portfolio

Even if you plan to continue working with the same company, it`s important to update your resume and portfolio as your contract comes to an end. This will ensure that you`re prepared to apply for new opportunities, should you need to. Be sure to highlight the work you completed during your contract and the skills you developed while working with the company.

4. Wrap up loose ends

Before your contract ends, make sure you`ve wrapped up any loose ends or unfinished projects. This may include handing off work to another team member or completing any outstanding tasks. Be sure to communicate with your supervisor and colleagues about your progress and any lingering issues that need to be addressed.

5. Say goodbye

Finally, it`s important to say goodbye to the team you`ve been working with. This may include thanking colleagues for their support and guidance, or simply expressing your appreciation for the opportunity to work with the company. Remember that you never know when you might cross paths with these colleagues again, so it`s important to leave on a positive note.

In conclusion, when your contract comes to an end, it`s important to review the terms of the agreement, discuss future opportunities, update your resume and portfolio, wrap up any loose ends, and say goodbye to colleagues. By doing so, you`ll be ready for whatever comes next in your career.