Y.SARATH BABU (ADVOCATE) 22 January 2010
Sir,
my friend was entered in service agreement in this agreement they mentioned the period in this period they that company they have to give two months notice and Rs.5,00,000/- as compensation to the company.
My question is that 1. Legally Rs.5,00,000/- compensation is valid or not.
2. Totally the service agreement is valid or not.
please give me legal advice on this issue according to sections in labour act.
Thanking you sir,
R.R. KRISHNAA (Legal Manager) 22 January 2010
Service agreements are valid and enforceable. In your case also it is valid.
V. VASUDEVAN (LEGAL COUNSEL) 22 January 2010
compensation in lieu of what - needs more elaboration for appropriate clarification
vasudevan
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