Hi all,
Could you please let me know what are the legal pre-requisites for a bond?
In my case, I was provided with an LOI with a para binding me for one year after completion of training, failing which I would be required to pay the cost of training. Now, no amount of taining cost estimate was provided. It was a mere para in the LOI.
Is this legally valid? Or a bond necessarily has to be on a stamp paper of minimum duration etc?
Please let me have your legal views.
Could you please let me know what are the legal pre-requisites for a bond?
In my case, I was provided with an LOI with a para binding me for one year after completion of training, failing which I would be required to pay the cost of training. Now, no amount of taining cost estimate was provided. It was a mere para in the LOI.
Is this legally valid? Or a bond necessarily has to be on a stamp paper of minimum duration etc?
Please let me have your legal views.