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 am going for training for my own skill development. The bond is completely one-sided, with repercussions in both cases: either the company terminates me or I leave, I have to pay the money.
Please guide me on whether I can break this bond or not.
Thanks.
From Germany, Neuss
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1Bond 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 am going for training for my own skill development. The bond is completely one-sided, with repercussions in both cases: either the company terminates me or I leave, I have to pay the money.
Please guide me on whether I can break this bond or not.
Thanks.
From Germany, Neuss
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Training Agreement - Bond - Draft.doc