Agreement signed for job
Ranjan
(Querist) 28 November 2013
This query is : Resolved
Hello,
I had signed an agreement with my current employer on 18th Jan 2012.
The agreement stated that i will have to serve for a period of 2 years after probation (6months), which comes to 2.5 years of the agreement.
The bond amount is 2 lakhs which i need to pay to the company in case i leave the company before completing the bond period.
Kindly let me know what happens if i wish to leave the company 6 months before the bond period is over. Do i need to pay any amount ?
Also i need the relieving letter.
One more query is how important is the relieving letter to join the next company.
Awaiting your kind help.
Thanks,
Ranjan
ajay sethi
(Expert) 28 November 2013
if you leave the company 6 months prior to expiry of bond period company will take legal proceedings for recover y of bond amount .
leave company after expiry of bond period . take your relieving letter .
Ranjan
(Querist) 29 November 2013
But is this legal in India..?? A one - sided bond.
