I have been working for this company for last 3 years as Sr Manager - Marketing. No formal training has been provided by our company in its products as we are all well experienced in our field of work.Now I am asked to sign an agreement/ bond on a Rs 100 Non judicial stamp paper. One of the conditions of agreement is that I cannot work in any company having similar product lines for 3 years after I leave this company.
Similar agreements are to be signed by my colleagues also in the mktg dept. How legal and binding is such an agreement ?
