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sounds like a contract to me. doesn't mean they can'fire you for a made-up reason though if you don't.

I think the point is not so they can't fire you, it's so you can collect unemployment if they do. The employer can't just claim you quit.

They dont need to make up a reason. No longer liking the terms of the contract is a perfectly valid and legal reason to end it.

Most employment contracts all either party to terminate at any time.