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Service bond-legality and implications
Hi i am working in an it company wherein bond was signed by a few employees travelling abroad for a period of two years. one of such employee has resigned now the facts are as follows the employee signed the agreement which was on the letter head of the company the agreement did not mention the bond amount. it only mentioned the period of two years. can our company invoke the bond and deny the employee of the experience certificate and relieving letter also in case the employee leaves without paying the bond amount how do we recover the amount of bond and whether such agreement is legal and can be enforced through the court of law please guide me thanks & regards ranji
Resignation before completion of bond period
Hi i am working in an it company wherein bond was signed by a few employees travelling abroad for a period of two years. one of such employee has resigned now the facts are as follows the employee signed the agreement which was on the letter head of the company the agreement did not mention the bond amount. it only mentioned the period of two years. can our company invoke the bond and deny the employee of the experience certificate and relieving letter also in case the employee leaves without paying the bond amount how do we recover the amount of bond and whether such agreement is legal and can be enforced through the court of law please guide me thanks & regards ranji
Employee agreement - what action can we take when an employee breaks the bond?
Hi ours is an manufacturing firm. please advise me what actions could we take when an employee breaks the bond of one year whether we implement an agreement/bond system in the company. and the importance of such an agreement in india. thank you
Legal implications on breaking a company's bond agreement
Hi a friend of mine went for on the job training to parent software company in foreign. but it was on a agreement basis for 2years after completion of his training. right now he his in a state of leaving the company because of personal reasons. so he has to pay a huge bond value of 24lacs if he has to break the bond agreement of 2years. so what are all the legal implications if he wants to leave that company. is it practically possible?
Bond agreement between employee and company
Hi all i am in a bond agreement with the company . now i have got offer from other company which is very good and want to take the offer. i am ready to pay the bond amount and also ready to serve two months of notice period. but my company is not accepting my resignation. please guide me in this situation what should i do. regards
Braking the bond (agreement)
Hi one of our employee given bond for 2yrs for our exclusive onthejobtraining . that agreement was from employee side onlynot from company side but after 6months he was break the bond and left his job without intimation and without relieving.fewdays back one for employee find him in some other company. that bond will be expire on this year last dec 2007. sopls suggest me what are the legal actions can we claim on that employee... best regards dayakar