Service Bond Or Agreement Or Contract

pankaj_po · #1 (**permalink**) 24-05-2008, 12:40 PM

Dear Seniors,

A company is having the system of two years bond with their employees who are going to be on payroll. Previously company deputed few personnel abroad for the purpose of training and entered into three years of bond with these employees. Some of the employees have left this company before completing their mendatory period of three years.

Please suggest me whether we can initiate any legal action against those employees who have already left.

As per the policy of the company there is a procedure to enter bond for 2 years with all the employees those are going to work at domestic site and not going abroad for any training. Please do guide me about the legal validity of any such bond.

Regards,

pankaj_po · #2 (**permalink**) 26-05-2008, 03:48 PM

Please reply .....

hazaidi · #3 (**permalink**) 26-05-2008, 07:00 PM

Dear Vijay Shankar,

Yes you can initiate legal action against the employees who breaches the employment bond.

Further, these bonds are valid legal documents, duly signed on the stamp papers by both the employer and employees.

qtech · #4 (**permalink**) 14-11-2008, 11:20 AM

Hi,

Do u ve aformat of the policy with you... send it to me at

Madhu.T.K · #5 (**permalink**) 14-11-2008, 11:41 AM

You can take action against those who leave the organisation before the date mentioned in the bond but the same should be restricted only to the amount spent by you to train those employees. You are not suppose to demand the entire sum stated in the bond but can call on the employee(s) to indemnify the loss caused to you by the employee not working for the bond period. Otherwise, it will be viewed as compelling an employee to serve you under a 'bond' which is illegal.

Regards,

Madhu.T.K

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