Hi, I am working in an IT company where a bond was signed by a few employees traveling abroad for a period of two years. One such employee has resigned now.
The facts are as follows:
The employee signed the agreement which was on the letterhead of the company.
The agreement did not mention the bond amount. It only mentioned the period of two years.
Can our company invoke the bond and deny the employee the experience certificate and relieving letter? Also, in case the employee leaves without paying the bond amount, how do we recover the bond amount? Is such an agreement legal and can it be enforced through the court of law?
Please guide me.
Thanks & regards,
Ranji
The facts are as follows:
The employee signed the agreement which was on the letterhead of the company.
The agreement did not mention the bond amount. It only mentioned the period of two years.
Can our company invoke the bond and deny the employee the experience certificate and relieving letter? Also, in case the employee leaves without paying the bond amount, how do we recover the bond amount? Is such an agreement legal and can it be enforced through the court of law?
Please guide me.
Thanks & regards,
Ranji