Hi Members
I would like to know-
1. What is the legality of the employment bonds which the employees sign with the employers against some training programs?
2. Getting any bond from employee is legally enforceable or not?
I have gone through all the post related to service bond but was not able to find single satisfactory answer as it doesn’t refer to any act, law or rule.
So I request you to provide legal view and not personal understanding about this matter.
From India, Delhi
I would like to know-
1. What is the legality of the employment bonds which the employees sign with the employers against some training programs?
2. Getting any bond from employee is legally enforceable or not?
I have gone through all the post related to service bond but was not able to find single satisfactory answer as it doesn’t refer to any act, law or rule.
So I request you to provide legal view and not personal understanding about this matter.
From India, Delhi
Hi Anurag,
In India Bond is illegal as follws
As per the Indian Statute bonded labor system was long abolished and no bond can force any person to work against the employees wishes
Article 19 of Indian Constitution talks of fundamental rights, as per the Article 19 the Constitution the write work is a fundamental right, and under no circumstance does the Fundamental rights under Article 19 be waived by any person nor can any person be forced to do something that’s amounting to the violation of the rights mentioned under Article 19.
[b]As per the Indian Contract Act contracts entered between two parties if is one sided then such contract would be null and void. Most of the Bonds are one sided.
Again as per the Indian Contract Act no contract can be enforced on any person if the contract which is being so enforced causes any harm to the person on whom its is enforced and if performed would violate principles of natural justices.
[/b]As per Sec 368 of Indian Penal Code if any person or institute holds back any document or any use any legal document or threatens any legal suits or actions and thus forces a person to perform any act against his wishes or which is illegal or wrong as per the statute of Law of the land.
Sec 368 of Indian Penal Code talks about extortion by the threatening to file a legal suit. The minimum punishment under this act is 2 two years.
The Supreme Court of India has clearly stated that no employee can be forcefully employed against his will, just because he has signed a contract with the employer.
The court also has stated that the employer can not hold back any personal document of the employees as they are earned by the employees and the company has no claim on the same.
[b]Any complain on the company would land the Directors and Managing Directors of the company in Jail, as the company is not a actual living entity but legal entity and the management are hands and heads of the company.[/b]
Bonds are applicable only if the company has spend money on the personal grooving and enhancement of the employees, but not just a training that helps employees perform better.
Hope it will help you.
Sachhin
From India, Pune
In India Bond is illegal as follws
As per the Indian Statute bonded labor system was long abolished and no bond can force any person to work against the employees wishes
Article 19 of Indian Constitution talks of fundamental rights, as per the Article 19 the Constitution the write work is a fundamental right, and under no circumstance does the Fundamental rights under Article 19 be waived by any person nor can any person be forced to do something that’s amounting to the violation of the rights mentioned under Article 19.
[b]As per the Indian Contract Act contracts entered between two parties if is one sided then such contract would be null and void. Most of the Bonds are one sided.
Again as per the Indian Contract Act no contract can be enforced on any person if the contract which is being so enforced causes any harm to the person on whom its is enforced and if performed would violate principles of natural justices.
[/b]As per Sec 368 of Indian Penal Code if any person or institute holds back any document or any use any legal document or threatens any legal suits or actions and thus forces a person to perform any act against his wishes or which is illegal or wrong as per the statute of Law of the land.
Sec 368 of Indian Penal Code talks about extortion by the threatening to file a legal suit. The minimum punishment under this act is 2 two years.
The Supreme Court of India has clearly stated that no employee can be forcefully employed against his will, just because he has signed a contract with the employer.
The court also has stated that the employer can not hold back any personal document of the employees as they are earned by the employees and the company has no claim on the same.
[b]Any complain on the company would land the Directors and Managing Directors of the company in Jail, as the company is not a actual living entity but legal entity and the management are hands and heads of the company.[/b]
Bonds are applicable only if the company has spend money on the personal grooving and enhancement of the employees, but not just a training that helps employees perform better.
Hope it will help you.
Sachhin
From India, Pune
Hi Peer sabh,
Nice to have your comment on this. However, I have gone through all the posts on the site, and they seem to be contradicting each other. I would really appreciate it if you could provide us with an article, memo, authenticated reports, circular, or data. Please provide us with details.
Have a great day,
Anurag
From India, Delhi
Nice to have your comment on this. However, I have gone through all the posts on the site, and they seem to be contradicting each other. I would really appreciate it if you could provide us with an article, memo, authenticated reports, circular, or data. Please provide us with details.
Have a great day,
Anurag
From India, Delhi
Hi Sachin,
Thanks a lot for your contribution. So, the extract is a bond is applicable if the company has provided some kind of training. Let's take a scenario: an employee signs a bond with a company for training, and the company puts a condition that it would give 1 lakh as a training incentive after completion of training, and the person would have to work for 4 years with the company. However, the company doesn't give the training incentive after the completion, and the employee leaves the job.
Now, the question is, is the contract valid?
From India, Delhi
Thanks a lot for your contribution. So, the extract is a bond is applicable if the company has provided some kind of training. Let's take a scenario: an employee signs a bond with a company for training, and the company puts a condition that it would give 1 lakh as a training incentive after completion of training, and the person would have to work for 4 years with the company. However, the company doesn't give the training incentive after the completion, and the employee leaves the job.
Now, the question is, is the contract valid?
From India, Delhi
Legality of the bond purely depends on the clauses added in the bond. It varies from company to company. Some companies take it to court. Some companies leave it for the betterment of employees.
From India, Coimbatore
From India, Coimbatore
Hi,
No employment bond for an employee in India stands nowhere. Legally, it is not acceptable. The bond concept employers are using is only for the sake of a psychological tool on an employee. If an employer says to go to court in case of breaking a bond from any employee, it's a waste of time for the legal/HR person.
Thanks,
Amit
From India, Mumbai
No employment bond for an employee in India stands nowhere. Legally, it is not acceptable. The bond concept employers are using is only for the sake of a psychological tool on an employee. If an employer says to go to court in case of breaking a bond from any employee, it's a waste of time for the legal/HR person.
Thanks,
Amit
From India, Mumbai
Hi Anurag, Thank you vey much for your valuable info w.r.t bonded labour system. But can you pl. enlighten me as to what do you mean when u say the bond is "one sided REgards
From India, Bangalore
From India, Bangalore
Good explanation, but would anyone tell me what can be done if you leave in between a contract and there is no penalty imposed by the employer, but experience letter and relieving letter are not issued. Is there any legal solution that will give an immediate result.
From India, New Delhi
From India, New Delhi
Hi Guys,
My name is Rohit. I worked with a Noida-based company about a year back and signed a bond with the company for a year. However, I left the company after 9 months because the owner/management of the company was very rude and used to pressurize employees for no valid reasons. Due to this, most of the employees left within 3-4 months.
Note: I mean to say the attrition rate of the company is very high.
Now my problem is that it's almost a year since I left my job there, but I don't know what happened to the owner of the company. He has registered a case against me, and his lawyers are harassing/pressurizing my family. Ultimately, this owner has sent a summon/legal document to my father, mentioning either to pay 1 lakh rupees or appear in court within a day.
Right now, I have 3 options left with me. I would request you to give your feedback ASAP on that:
1. Should I pay 1 lakh rupees to my employer?
2. Should I fight the case against him?
3. Should I go for an out-of-court settlement?
From India, Gurgaon
My name is Rohit. I worked with a Noida-based company about a year back and signed a bond with the company for a year. However, I left the company after 9 months because the owner/management of the company was very rude and used to pressurize employees for no valid reasons. Due to this, most of the employees left within 3-4 months.
Note: I mean to say the attrition rate of the company is very high.
Now my problem is that it's almost a year since I left my job there, but I don't know what happened to the owner of the company. He has registered a case against me, and his lawyers are harassing/pressurizing my family. Ultimately, this owner has sent a summon/legal document to my father, mentioning either to pay 1 lakh rupees or appear in court within a day.
Right now, I have 3 options left with me. I would request you to give your feedback ASAP on that:
1. Should I pay 1 lakh rupees to my employer?
2. Should I fight the case against him?
3. Should I go for an out-of-court settlement?
From India, Gurgaon
In Singapore, we do have many cases whereby the company bonds the candidates. This is usually in cases where the employer sends their employees on courses fully or partially paid for by the employer. There are also cases where employees will be bonded upon employment. However, both parties are allowed to break the bond if they can pay back the other party in monetary terms.
From Singapore, Singapore
From Singapore, Singapore
Dear friends,
Service bonds have been held by courts in many cases as contrary to the provisions of Section 27 of the Indian Contract Act and hence cannot be enforced. A detailed article written by an advocate of the Supreme Court on this issue is attached for your information.
Regards,
From India, Malappuram
Service bonds have been held by courts in many cases as contrary to the provisions of Section 27 of the Indian Contract Act and hence cannot be enforced. A detailed article written by an advocate of the Supreme Court on this issue is attached for your information.
Regards,
From India, Malappuram
Hi I am Rizwan, Can anybody tell me that any kind of employment Bond is valid in Pakistan? There arenumber of companies using this as a weapon to keep them attached with the company.
From Pakistan, Karachi
From Pakistan, Karachi
Dear friends, I am attaching copy of another article written by an advocate of New Delhi on the issue for your ready reference. Regards,
From India, Malappuram
From India, Malappuram
Hi
Resignation during bond period.?
I have signed a bond for 2Yrs and amount of 1.5Lacs. I am having family problem and requested my reporting manager to give me transfer or relieving letter. But he says that neither i will be transfered nor company will give me a relieving letter as i am under probation period. I also asked him that should i mail the HR stating my Problem and request, he denied to do so. I am going under mental stress and is not able to work efficiently. My question is company has not provided me any training nor did any expenditure. Can i leave company and whether i should give the resignation or there is some other way to leave the company without paying the bond amount. Will they create any trouble for my friend who is a guarantor of this bond. Kindly please help me out. Looking forward for your positive response. Thanking u in advance….
From India, Patna
Resignation during bond period.?
I have signed a bond for 2Yrs and amount of 1.5Lacs. I am having family problem and requested my reporting manager to give me transfer or relieving letter. But he says that neither i will be transfered nor company will give me a relieving letter as i am under probation period. I also asked him that should i mail the HR stating my Problem and request, he denied to do so. I am going under mental stress and is not able to work efficiently. My question is company has not provided me any training nor did any expenditure. Can i leave company and whether i should give the resignation or there is some other way to leave the company without paying the bond amount. Will they create any trouble for my friend who is a guarantor of this bond. Kindly please help me out. Looking forward for your positive response. Thanking u in advance….
From India, Patna
Hi Sachhin, You have cleared all my doubts about employement bond. Keep it up. Regards, Rakesh
From India, New Delhi
From India, New Delhi
I am employed with a reputed mid-sized IT services company in Pune. Mine was campus recruitment and at the time of joining, my father was made to sign a bond stating that I shall continue to work with them for 2 years or pay Rs 2 Lacs if I quit before that.
I signed the joining letters in good faith.
The promised training was only a one month session and after that for the past one year I am yet to be assigned to a real project. No wonder I did not get an appraisal because I never worked on a billable project. That apart I have by large enjoyed my association with my colleagues and seniors.
Of late the company HR has been asking all employees to sign a “No Hire” clause which states employees cannot join any client, client competitor and so on for a period of one year from the date I leave the company. I am not convinced by this restrictive clause and feel this will stifle my already stagnating career. I have avoided signing it but now the HR has been pressurizing me and at time making veiled threats – we will make your exit procedure difficult, etc. I am totally stressed and discomforted by this and finally had no choice but to resign citing the mentioned reason. They are yet to reply or accept my letter.
Now the threats have increased and I am being warned of legal notice, withholding my salary, experience letter, relieving letter, etc. I feel victimized because of my refusal to sign addendums to the hire letter. This unprofessional behavior by a certain section of the company surprises me as I have always put my best for the company and have been appreciated for my work earlier.
I continue to go on doing my work as usual but feel the pressure and an environment of threat.
Was I right in refusing to sign a one-sided clause and resigning on those grounds?
Please suggest what would be my options in such condition.
Thanks,
Roshan
From Japan
I signed the joining letters in good faith.
The promised training was only a one month session and after that for the past one year I am yet to be assigned to a real project. No wonder I did not get an appraisal because I never worked on a billable project. That apart I have by large enjoyed my association with my colleagues and seniors.
Of late the company HR has been asking all employees to sign a “No Hire” clause which states employees cannot join any client, client competitor and so on for a period of one year from the date I leave the company. I am not convinced by this restrictive clause and feel this will stifle my already stagnating career. I have avoided signing it but now the HR has been pressurizing me and at time making veiled threats – we will make your exit procedure difficult, etc. I am totally stressed and discomforted by this and finally had no choice but to resign citing the mentioned reason. They are yet to reply or accept my letter.
Now the threats have increased and I am being warned of legal notice, withholding my salary, experience letter, relieving letter, etc. I feel victimized because of my refusal to sign addendums to the hire letter. This unprofessional behavior by a certain section of the company surprises me as I have always put my best for the company and have been appreciated for my work earlier.
I continue to go on doing my work as usual but feel the pressure and an environment of threat.
Was I right in refusing to sign a one-sided clause and resigning on those grounds?
Please suggest what would be my options in such condition.
Thanks,
Roshan
From Japan
Hi,
I have joined a company by signing a 2-year bond. They provided me with training for 3 months from their own training department. Currently, I am short of 5 months to complete my bond period. However, they have reduced my salary by 15%. Is the bond legally enforceable? Am I entitled to claim a relieving letter and my PF amount (including employer's contribution)?
From India, Kochi
I have joined a company by signing a 2-year bond. They provided me with training for 3 months from their own training department. Currently, I am short of 5 months to complete my bond period. However, they have reduced my salary by 15%. Is the bond legally enforceable? Am I entitled to claim a relieving letter and my PF amount (including employer's contribution)?
From India, Kochi
Hi guys, I am in a really tense situation nowadays. The problem is I have signed a bond with an airline that will send me abroad for training on a particular aircraft. They have made a bond that after training, I have to serve the company for 7 years, and the bond amount is 20 lakh, which they showed as the training cost when, in reality, it is not more than 5 lakh.
It's been more than a month since I signed that bond, and they haven't sent me abroad for training. Luckily, I have received an offer from another airline, and therefore, I want to leave this company and join the other. However, it is written in the bond that I can't leave or resign before 7 years from the date of appointment; otherwise, it will be considered a breach, and they have the right to take 20 lakh from me. I haven't received any training abroad from them to date, yet the total bond is one-sided, meaning everything is in their favor. If they terminate or if I resign, they can still charge me 20 lakh.
Please, can any of you tell me how I can leave the company because I don't want to get involved in any legal actions that could ruin my career? Thanks in advance. Please do reply.
From India, Delhi
It's been more than a month since I signed that bond, and they haven't sent me abroad for training. Luckily, I have received an offer from another airline, and therefore, I want to leave this company and join the other. However, it is written in the bond that I can't leave or resign before 7 years from the date of appointment; otherwise, it will be considered a breach, and they have the right to take 20 lakh from me. I haven't received any training abroad from them to date, yet the total bond is one-sided, meaning everything is in their favor. If they terminate or if I resign, they can still charge me 20 lakh.
Please, can any of you tell me how I can leave the company because I don't want to get involved in any legal actions that could ruin my career? Thanks in advance. Please do reply.
From India, Delhi
Hi guys, I am in a really tense situation nowadays. The problem is I have signed a bond with a medical company on a stamp paper. It was a two-year bond. I have left the company, and now they have sent a warning letter saying I need to pay 1.35 lakhs; otherwise, they will take legal action and move to court. Can anybody tell me what I should do to resolve this issue?
Roshith
From India, Delhi
Roshith
From India, Delhi
Dear all,
I want to have a copy of a service/employment bond to engage the employees. Please let me know what legal formalities have to be observed for a valid and enforceable bond agreement. Please help. My email ID is pranavjainca@gmail.com. Thanks in advance for the replier.
From India, Amritsar
I want to have a copy of a service/employment bond to engage the employees. Please let me know what legal formalities have to be observed for a valid and enforceable bond agreement. Please help. My email ID is pranavjainca@gmail.com. Thanks in advance for the replier.
From India, Amritsar
A copy of the employment bond is required to keep the employees intact, and other legal formalities must be observed to ensure the bond is valid and enforceable. Please help as this is very urgent for me.
Email ID: pranavjainca@gmail.com
From India, Amritsar
Email ID: pranavjainca@gmail.com
From India, Amritsar
Hello Sachin,
This information was really awesome on the Bonded Labour Act. I need some more help from you. Can you help me get the government document or any article that can be considered as valid proof?
You can send that information to my email ID sushilkumar.734611@gmail.com. Please help me out; it would be a great pleasure for me.
Regards,
Sushil Kumar
From India, Bangalore
This information was really awesome on the Bonded Labour Act. I need some more help from you. Can you help me get the government document or any article that can be considered as valid proof?
You can send that information to my email ID sushilkumar.734611@gmail.com. Please help me out; it would be a great pleasure for me.
Regards,
Sushil Kumar
From India, Bangalore
I have signed an employment bond with an IT company for one year for Rs one lakh. The company had arranged a group training. The company got the bond signed before imparting on-the-job training. I have served the company for five months: one month before the training and four months after the training. Now, I want to leave this company. Please advise whether this bond is legal and what action the company can take against me? What are the consequences of the bond.
Thanks in advance.
Shail
From India, New Delhi
Thanks in advance.
Shail
From India, New Delhi
This appears still very doubtful and not free from confusion.
What will happen if an agreement says that the employee cannot resign, leave, or otherwise exit the company for a period of 2 years from the date of the agreement, and in case they do so, it will be a breach of the agreement, and the employee will have to pay 2.50 lacs as compensation and bond amount. Furthermore, there will be a penalty for a breach of contract of 10.00 lacs.
Is such a clause valid? Please revert back.
Thanks
From India, Bhopal
What will happen if an agreement says that the employee cannot resign, leave, or otherwise exit the company for a period of 2 years from the date of the agreement, and in case they do so, it will be a breach of the agreement, and the employee will have to pay 2.50 lacs as compensation and bond amount. Furthermore, there will be a penalty for a breach of contract of 10.00 lacs.
Is such a clause valid? Please revert back.
Thanks
From India, Bhopal
Hi Sachin,
I joined a company in Hyderabad, and I work from Mumbai. My boss interviewed me for a marketing position based on my resume, and he did not mention anything about what my current role in the department would be, assuming it would be the same. In short, I feel cheated as my career interests and goals are in areas where I have experience, and they did not mention that the job would mainly involve going out in the field, talking to people, and doing direct marketing. In short, isn't this deceitful?
Now, the work is completely different from what he interviewed me for. They took my tenth certificate, which I don't care about, but I want to leave this company. I don't seek any relieving letter or anything as I just joined and can leave, but the issue is that I signed a service agreement that does not mention the company incurring any kind of cost for me or any training cost. However, it mentions Rs. 1 lakh as liquidated damages. It has normal clauses and an ARBITRATION CLAUSE, which states:
"All disputes arising under, in connection with, and in relation to this agreement shall be resolved by way of arbitration under the Arbitration and Conciliation Act 1996, through a sole arbitrator appointed by the company. The award passed by the arbitrator shall be binding on the parties thereto.
The venue of arbitration will be Hyderabad, and the courts of Hyderabad shall have exclusive jurisdiction."
MY QUESTION IS... CAN THE ARBITRATOR BE BIASED, AND WOULD I BE UNABLE TO PRESENT MY CASE?
WHAT CAN I DO? IS THIS ALLOWED IN A SERVICE BOND AGREEMENT? PLEASE KINDLY HELP.
From India, Mumbai
I joined a company in Hyderabad, and I work from Mumbai. My boss interviewed me for a marketing position based on my resume, and he did not mention anything about what my current role in the department would be, assuming it would be the same. In short, I feel cheated as my career interests and goals are in areas where I have experience, and they did not mention that the job would mainly involve going out in the field, talking to people, and doing direct marketing. In short, isn't this deceitful?
Now, the work is completely different from what he interviewed me for. They took my tenth certificate, which I don't care about, but I want to leave this company. I don't seek any relieving letter or anything as I just joined and can leave, but the issue is that I signed a service agreement that does not mention the company incurring any kind of cost for me or any training cost. However, it mentions Rs. 1 lakh as liquidated damages. It has normal clauses and an ARBITRATION CLAUSE, which states:
"All disputes arising under, in connection with, and in relation to this agreement shall be resolved by way of arbitration under the Arbitration and Conciliation Act 1996, through a sole arbitrator appointed by the company. The award passed by the arbitrator shall be binding on the parties thereto.
The venue of arbitration will be Hyderabad, and the courts of Hyderabad shall have exclusive jurisdiction."
MY QUESTION IS... CAN THE ARBITRATOR BE BIASED, AND WOULD I BE UNABLE TO PRESENT MY CASE?
WHAT CAN I DO? IS THIS ALLOWED IN A SERVICE BOND AGREEMENT? PLEASE KINDLY HELP.
From India, Mumbai
Dear Having signed a service agreement do you have a copy. With Regards E-mail : Mobile : 9025792684
From India, Bangalore
From India, Bangalore
Dear,
In the posts, we find that the employee does not have a copy of the Bond. This is an unfair labor practice. Please insist on a copy of it. This is your right, and do not regret it later.
With Regards,
Advocates & Notaries & Legal Consultants [HR]
E-mail: rajanassociates@eth.net
Mobile: 9025792684.
From India, Bangalore
In the posts, we find that the employee does not have a copy of the Bond. This is an unfair labor practice. Please insist on a copy of it. This is your right, and do not regret it later.
With Regards,
Advocates & Notaries & Legal Consultants [HR]
E-mail: rajanassociates@eth.net
Mobile: 9025792684.
From India, Bangalore
Thank you very very much, i was in big dilemma what to do? Now your advice will surely help me out. once again thank you very much for your precious advice.
From India, New Delhi
From India, New Delhi
Hi!
My niece joined an Indian mid-level IT company of repute, which made her sign an indemnity bond of Rs 1.0 lakh, requiring her to complete 3 months of training and serve 2 years in the company from the date of initial joining. She has served for 10 months but finds the working conditions insecure and the absence of systems followed by other IT solutions that ensure a safe passage for women employees. This is putting her under great mental stress. She wants to resign even though she has no job on hand. In such a case of resignation, can the IT company enforce the bond? The bond does not have any obligations on the part of the company towards the employees.
Kindly enlighten.
Regards
From India, Dehra Dun
My niece joined an Indian mid-level IT company of repute, which made her sign an indemnity bond of Rs 1.0 lakh, requiring her to complete 3 months of training and serve 2 years in the company from the date of initial joining. She has served for 10 months but finds the working conditions insecure and the absence of systems followed by other IT solutions that ensure a safe passage for women employees. This is putting her under great mental stress. She wants to resign even though she has no job on hand. In such a case of resignation, can the IT company enforce the bond? The bond does not have any obligations on the part of the company towards the employees.
Kindly enlighten.
Regards
From India, Dehra Dun
Hello everyone, I'm a fresher and joined a Japanese company as an IT consultant. At the time of joining, I was signed a bond of 18 months. However, I am currently experiencing some health problems and am not satisfied with the job. Therefore, I want to quit that job. How can I exit (quit) from that bond? Please help me and advise on how to leave that company. What will happen if I abscond from that company? Please guide me.
Waiting for your replies.
From India, Pune
Waiting for your replies.
From India, Pune
Hi,
When I left the company, I paid approximately 1.6 lakh to the company as a bond value. Can I get it back? In a sense, they owe me 1.6 lakh because if I go to court, the bond agreement will not be legal. Therefore, they don't have anything to support their stand. This means they have to return my money. Is it possible?
From India, Ranchi
When I left the company, I paid approximately 1.6 lakh to the company as a bond value. Can I get it back? In a sense, they owe me 1.6 lakh because if I go to court, the bond agreement will not be legal. Therefore, they don't have anything to support their stand. This means they have to return my money. Is it possible?
From India, Ranchi
Everyone here has been saying it is not valid, however today Judge has convicted me in one such case.. I don’t even know what should I do next.. I don’t think my lawyer is any good.
From United States, Denver
From United States, Denver
hello sir, i joined in it company , here i have signed 2yr bond. i gave all my certificates to them . i resigned from my position . now tell me how to get my certfiactes
From India, Chennai
From India, Chennai
Dear all,
Based on my experience, which I have gained from my friend's association with his previous company, it doesn't seem to be valid with regard to our statute law. Therefore, it is no longer legally valid.
Thank you.
From India, Madras
Based on my experience, which I have gained from my friend's association with his previous company, it doesn't seem to be valid with regard to our statute law. Therefore, it is no longer legally valid.
Thank you.
From India, Madras
Dear All,
The Legality of the Employment Bond is purely based on its clauses added in the agreement. The clauses should be relevant to the employment and should not be against the contract and agreement laws set by the Indian government.
Important points to take care of when you sign a bond with an employee are many. Some of them are as follows:
a. The contract should contain clauses about arbitrariness, breach of confidentiality, tenure of the employee, and the damages that shall be paid by the employee.
b. An affidavit of acknowledgment should be signed by the employee along with the agreement.
c. The witness's signature is very important. Having two or more witnesses is very good. At least one of the witnesses must be a blood relative, and before the witness's signature, any one of the Government IDs of the witness has to be filed.
d. Numbering of the clauses is crucial. If there are any mistakes or typographical errors in the numbering of the clauses, then the bond will not be considered valid.
e. (Missing content)
Please let me know if there is anything else you would like to add or modify.
Thank you.
From India, Madras
The Legality of the Employment Bond is purely based on its clauses added in the agreement. The clauses should be relevant to the employment and should not be against the contract and agreement laws set by the Indian government.
Important points to take care of when you sign a bond with an employee are many. Some of them are as follows:
a. The contract should contain clauses about arbitrariness, breach of confidentiality, tenure of the employee, and the damages that shall be paid by the employee.
b. An affidavit of acknowledgment should be signed by the employee along with the agreement.
c. The witness's signature is very important. Having two or more witnesses is very good. At least one of the witnesses must be a blood relative, and before the witness's signature, any one of the Government IDs of the witness has to be filed.
d. Numbering of the clauses is crucial. If there are any mistakes or typographical errors in the numbering of the clauses, then the bond will not be considered valid.
e. (Missing content)
Please let me know if there is anything else you would like to add or modify.
Thank you.
From India, Madras
I am working in a MNC India and had offered from client(Outside india) and i would like to know what kind of legal issue i may have from my company in india
From India, Chennai
From India, Chennai
Hi Rohit, dont pay any monday,,, consult any advocate.. file a case against throug labour law. as he is torturing you... deffinately you will win..
From India, undefined
From India, undefined
Hello Sir,
Could you please tell me what the various situations are where the employer can ask for a bond from the employee? For example, we can ask for a time frame agreement from the new employee, such as binding them with the company for 2 years or so.
Similarly, what are the various situations where an employer can ask for a bond?
Thank you,
Harikrishna
From India, Hyderabad
Could you please tell me what the various situations are where the employer can ask for a bond from the employee? For example, we can ask for a time frame agreement from the new employee, such as binding them with the company for 2 years or so.
Similarly, what are the various situations where an employer can ask for a bond?
Thank you,
Harikrishna
From India, Hyderabad
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