I signed a Joining agreement with the organization. But when I discuss culture and environment about the company with 2-3 existing employees on Indeed I hear that it's horrible there. i dint want to join this organization as I got a new offer. What do I need to do if I don't want to join without paying a penalty?
Below are the contents:
In the event of failure /violation on part of the Prospective Employee to join the Firm on or before the Committed Date, the Prospective Employee shall be liable to pay an amount equivalent to 1 (one) months offered salary or Rs. 100,000 (Rupees One Lac Only) whichever is higher.
5. In addition to the right of the Firm to be indemnified, the Prospective Employee shall be liable to pay all the damages, consequential or otherwise, arising as a result of the breach of this Undertaking. In any event liability of the Firm shall be limited, to compensation for direct damages and to a maximum of Rs.10,000/- (Ten thousand Rupees), whereby a sequence of events shall be regarded as one event.
6. This deed shall be governed by the laws of India and the courts of Ahmedabad, Gujarat shall have exclusive jurisdiction.
7. Any and all disputes, claims, difference arising out of or in connection with this Undertaking and or the performance of this Undertaking shall be settled by arbitration by a sole arbitrator, in the courts of Ahmedabad, Gujarat.
Below are the contents:
In the event of failure /violation on part of the Prospective Employee to join the Firm on or before the Committed Date, the Prospective Employee shall be liable to pay an amount equivalent to 1 (one) months offered salary or Rs. 100,000 (Rupees One Lac Only) whichever is higher.
5. In addition to the right of the Firm to be indemnified, the Prospective Employee shall be liable to pay all the damages, consequential or otherwise, arising as a result of the breach of this Undertaking. In any event liability of the Firm shall be limited, to compensation for direct damages and to a maximum of Rs.10,000/- (Ten thousand Rupees), whereby a sequence of events shall be regarded as one event.
6. This deed shall be governed by the laws of India and the courts of Ahmedabad, Gujarat shall have exclusive jurisdiction.
7. Any and all disputes, claims, difference arising out of or in connection with this Undertaking and or the performance of this Undertaking shall be settled by arbitration by a sole arbitrator, in the courts of Ahmedabad, Gujarat.