Are Training And Service Bonds Fair? What Freshers Should Know Before Signing (573) (24/Sep/2010)
Dear All Understanding Bonds in Corporate Settings There are a lot of posts on breaking the Bond and Service Bond. Freshers who join the corporate world need not hesitate to sign a genuine Training Bond provided the corporate is genuinely going to provide training by sending the person overseas and...
Total participants: 2, View average: 0.6127

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Is My Unstamped Employment Bond Legal? Seeking Advice On Misleading Job Roles And Legal Concerns (492) (11/Jan/2025)
Please help me... I signed a bond and agreement on the company s letterhead which was NOT NOT Unclear Interview Process The issue is that the process offered to me during the interview was unclear. The interviewer mentioned the client but did not specify the actual...
Seniors participating: 2, Total participants: 6, View average: 6.3253

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Is It Possible To Break A One-Sided Overseas Training Bond? Seeking Advice (145) (12/Dec/2013)
I need to know the following: Bond Agreement for Overseas Training I went for training for 2 weeks abroad. I had to sign a bond for 3 years and if I left the company I would have to pay 3 lakhs. The structure of the bond is such that I...
Total participants: 2, View average: 0.2602

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Need A Sample Indemnity Bond For Correcting My Name At EPFO Office – Can You Help? (272) (23/Apr/2024)
Dear all I have been asked to submit an indemnity bond to get my name corrected in the EPFO office. Can anyone help me with a relevant sample of an indemnity bond?...
Seniors participating: 1, Total participants: 2, View average: 4.3190

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Is My 3-Year Service Bond Legally Binding? Seeking Advice On Avoiding Penalties (434) (30/Mar/2008)
An employment bond is not considered legal; it is merely a retention tool. Unless an employer has spent or invested an amount equivalent to the bond on an employee the bond does not hold up under the law. Therefore if your employer demands the bond amount when you decide to...
Total participants: 2, View average: 0.5022

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Facing A 10 Lakh Bond Breakage Fee Without Training – How Can I Negotiate Or Find Alternatives? (264) (02/Apr/2021)
Understanding Contractual Obligations As you have unconditionally accepted the terms and conditions of appointment you are bound by them. The extracted portion cannot be said to be against public policy or the general law. Section 73 of the Contract Act 1872 The section states: “When a contract has been broken...
Seniors participating: 1, Total participants: 2, View average: 0.8870, Contains Attachments

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Facing Career Setbacks At SBI: Can I Avoid Paying The Bond If I Resign Now? (836) (17/Jan/2021)
Most probably there would be a clause in your appointment orders/offer letter stating that the rules pertaining to the training period would be in force as might be changed from time to time. It would be advisable to consult with your employees' union....
Seniors participating: 2, Total participants: 3, View average: 2.8726

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