Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
Hello I have a bond with my current company and I have an offer with other company and I want to leave my current employer. But my new employer wants relieving and experience letter . And I don't know whether I have signed a bond or not . I have only given my appointment letter and there they have mentioned that " I have to server for 2 years or else pay 100000" . As of I know I have not yet signed any bond. Can you help me with this query of what I have to do in this condition.
From India, Bengaluru
Dear Friend,
The Bond is a form of contract and is dealt under The Indian Contract Act. If you have signed a bond, then any violations of the terms of bond will be breach of contract. Though bond may say that the damage is Rs 100000/-, but court in these cases will awards reasonable damages. What this may be is upon discretion of the court.
But if you have not signed a contract the you are under no liability.
See this for more Indian Labour Laws & Shram Suvidha Simplified

From India, Kolkata
Dear Anonymous,
Bond is is not legal binding, unless your employer has spent the bond money on your training.
But he may not be willing to provide you relieving certificate ,in case any such clause is there in your appointment letter or in case you have signed any bond.

From India, Delhi
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™