Dear All,
I am working in an construction company and its products are production, laying, installation of pipes. In our organisation employer is signing an employment bonds with each an every on roll employees and staff. As it is an construction company most of working employees are engineers by profile.
As per Section 27 of the Indian Contract Act. Section 27 of the Indian Contract Act, 1872 prohibits any agreement in restraint of trade and profession. Any agreement in trade and profession according to Section 27 is void.
But does it also applicable to staff working in HR, Accounts, Admin?
Kindly help in this regard
I am working in an construction company and its products are production, laying, installation of pipes. In our organisation employer is signing an employment bonds with each an every on roll employees and staff. As it is an construction company most of working employees are engineers by profile.
As per Section 27 of the Indian Contract Act. Section 27 of the Indian Contract Act, 1872 prohibits any agreement in restraint of trade and profession. Any agreement in trade and profession according to Section 27 is void.
But does it also applicable to staff working in HR, Accounts, Admin?
Kindly help in this regard