Hi i am working in an IT company wherein Bond was signed by a few employees travelling abroad for a period of two years. One of such employee has resigned now
The facts are as follows
The Employee signed the Agreement which was on the letter head 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 of the Experience Certificate and Relieving letter
Also in case the employee leaves without paying the bond amount how do we recover the amount of bond and whether such agreement is legal and can 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 letter head 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 of the Experience Certificate and Relieving letter
Also in case the employee leaves without paying the bond amount how do we recover the amount of bond and whether such agreement is legal and can be enforced through the court of law
Please guide me,
Thanks & regards
Ranji