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ahmudg (n/a)     24 December 2007

Employment Bond Extension Rules

I signed an employment contract with an company for two years and successfully completed it.   After completion of the contract period, i worked in the same company for three months.  When i was leaving the company, the company management persuaded me to stay back and increased my salary and also asked me to extend the bond for one more year and i did that.  I manualy wrote at the end of the same bond that with mutual consent we are extending this bond for one more year and i signed it.

Is this bond valid as the company has not invested any amount in the form of training while extending the bond.

 

 

 

 

 

 

 

 

 


Learning

 1 Replies

Shambasiv (n/a)     24 December 2007

It is still valid. You have signed the bond knowing fully well about the conseuqences. Now you cannot retract.

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