FORCEFULL SIGNING OF BOND AT TIME OF HANDING OVER THE RELEASE LETTER.
SHYAMALKANTI MAHAPATRA
(Querist) 27 March 2008
This query is : Resolved
DEAR SIR,
CAN A EMPLOYER SIGN MAKE ME SIGN A BOND ASKING ME NOT TO JOIN THEIR COMPETIOR FOR THE NEXT FIVE YEARS AFTER THEY RELEASE ME IN ACCEPTAnce TO MY RESIGNATION LETTER.
I WOULD LIKE TO MENTION THAT I WAS IN THEIR MARKETING DEPT AND THWEY HAVE NOT GIVEN ME ANY PROFESSIONBAL TRAINING.
KINDLY HELP.
REGRADS
SHYAMAL
Rajesh Kumar
(Expert) 27 March 2008
Dotted line contract are not valid contract- but onus is on you to establish that it is a dotted line contract.
Manish Singh
(Expert) 27 March 2008
In my opinion, you are not bound by that bond. Your employer can not force you into any restraint in your profession, after you leave the job,while the job nature is not of that much confidential.
octavious
(Expert) 27 March 2008
HELLO,
YES THE SAME IS POSSIBLE, BUT THE PERIOD MENTIONED IN THE CONTRACT PERIOD SHOULD BE REASONABLE, AND ALSO SUCH RESTRAIN BY ANY EMPLOYER ON HIS/HER EMPLOYEE SHOULD BE IN THE INTEREST TO PROTECT THEIR BUSINESS AND NOT WITH THE INTENTION OF STOPPING ITS EMPLOYEE FROM IMMIGRATING TO BETTER EMPLOYMENT OPPORTUNITY
THANK YOU
OCTAVIOUS
