Feeling Stuck with a One-Sided Notary Bond: What Happens If I Break It?

Hello friends,

I need some help regarding the Notary Bond. I had signed a 2-year, 50,000 bond in March 2006 on a 50 rupee stamp paper at the Notary. However, this month, I broke this bond and joined another job. This bond is a service bond and is only one-sided, which means that if I leave or the company terminates me, I will lose on both sides.

Please assist me with this matter. Thank you.

Hi, My Friend,

I have spoken to a lawyer, and these notary bonds or any kind of bonds have no capacity to stop the employee from leaving the organization. My lawyer said, "Every person has the right to prosper. Like the employer prospers, the employee can also prosper. There is no use for such bonds."

Talk to any good lawyer regarding this issue.

Regards,
Rohini

Hi,

What is important is not the stamp paper or the notary endorsement on it. It is essential to consider for what purpose the bond has been entered into. You have not provided any details about the content of the bond.

If an employer enters into an agreement to provide specific skills by investing a certain amount of time and money, they can enforce such a legal bond. This means they can ask the employee to pay back the cost of the specialized training provided or work for the specified period to recover the expenses as per the bond.

Therefore, I suggest that you meet with a lawyer, present the bond, and seek their opinion on the matter.

Regards,
AM

Hello, friends,

It is right to contact the best lawyer, but I want to know what action the company should take against an employee. Is only a one-sided bond valid or not?

Blacklotus

I agree with Mr. Mutyalu. Also, please note that if you have committed to do something and have not done so as an employee, it is better to go by what you said at the time of signing the bond. Though the bond may not have any legal implications, if you are conscious about leaving without paying the amount, then it is okay!

Regards,

Sathyamoorthy Iyer

Hi, I am very new to this site.

I have recently trained a person in CNC machines and fear that he may quit the job after the training. I want to have a bond signed by him stating that he would work with my company for a specified period of time or pay the costs incurred in training. Should I opt for a Notary bond? Would he be able to quit the company even after signing the bond? I am willing to include a yearly increment of a certain percentage for that period.

Kindly suggest a suitable bond.

Thanks and Regards,
Sanil