Can anyone help me out to know what is difference between indemnity bond and service agreement bond?
Neha Mangal (IT ) 03 September 2016
Can anyone help me out to know what is difference between indemnity bond and service agreement bond?
Nitish Banka (lawyer) 03 September 2016
Indemnity bond is the bond incase the company suffers any loss due to your negligience, you have to indemnify the company.
Service agreement bond stipulates a condition that incase you brach the terms of service agreement you need to pay the damages of such breach,
Adv Nitish Banka
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Kumar Doab (FIN) 03 September 2016
Post full facts of the matter at your hands.
G.L.N. Prasad (Retired employee.) 04 September 2016
Indemnity bond is that which executer agrees to compensate the other party a fixed amount as compensation for breach of such terms and conditions.
The service bond is a mutual agreement between employer and employee agreeing for terms and conditions stipulated in the bond on probation, resignation, termination, noticce period, salary structure, other benefits etc.,
Kumar Doab (FIN) 04 September 2016
Post full facts of the matter at your hands.
It might be possible to liberate from shackles of both Indemnity Bond, Service bond.
Neha Mangal (IT ) 05 September 2016
thanks all for your valuable suggestions
Kumar Doab (FIN) 05 September 2016
You are Welcome!
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