Dear Sir,
I am working with an organization based in Delhi/NCR Region. I was asked to sign a bond with the company on A4 size paper which prohibits me from joining their competitors for a period of 1 year after leaving the job. The names of the competitors are also mentioned.
The company asks employees to sign on a stamp paper when they put their resignations else refuse to accept the resignation and don’t give the relieving letter and dues.
On breach of the agreement company also asks employees to pay amount equivalent to 1 year pay.
However the company did not impart any additional or special training and thus did not incur any additional cost on training me.
Please advice.
Kindly also note that most of the interview calls which I get are from the companies which are mentioned by my employer as their competitors.
Regards
Sachin
I am working with an organization based in Delhi/NCR Region. I was asked to sign a bond with the company on A4 size paper which prohibits me from joining their competitors for a period of 1 year after leaving the job. The names of the competitors are also mentioned.
The company asks employees to sign on a stamp paper when they put their resignations else refuse to accept the resignation and don’t give the relieving letter and dues.
On breach of the agreement company also asks employees to pay amount equivalent to 1 year pay.
However the company did not impart any additional or special training and thus did not incur any additional cost on training me.
Please advice.
Kindly also note that most of the interview calls which I get are from the companies which are mentioned by my employer as their competitors.
Regards
Sachin