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Kushal (B.tech)     26 June 2013

Reliving before 5 months of bond period.

Hello,

I am a graduate student of 2013 batch. One XYZ company selected me before completion of my graduation as i have done intern in related field which they want. They asked me to write 2 years bond on 100 rupee bond paper. as i am not having any idea i done all the process and with surity of my father and nephew..

If i need to break the bond i need to pay 3lakh rupee to organisation. I am having a plan to study abroad need to join in university in 2014 till then my bond period of 19 months will be completed. 

what are the chances of getting reliving from that company with out paying any amount..

Is the bond legal i india??  After joining in company i realized that the amount paid to me is also very less compared to my friends even i am the topper of my batch.

Below attached file is our companies agreement doc.

Please help me.



Learning

 1 Replies

Adv k . mahesh (advocate)     26 June 2013

Bonds / agreements of employee are not valid in india only to harass the employee they take agreement and even company trains you means a first job oppurnity to you may be you learn nothing or you learn something with that only they want to claim as liquidated damages from the employee and after tranining you if you leave and again they has to take a new employee and then train him like that the process will continue so to show that they will take action if employee leaves they draft this type of agreement

do not disclose anything to your boss or your collegues about your higher studies and enquire if any employee left the job in your ogrniasation what steps the company people had inititated on them and work accordingly 


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