Training Bonds

[Abhishek Ghosh]

My friend has joined a company in India where he has to sign a sort of "training bond" for 3 yrs. bond says if somebody leaves before 3 yrs he/she have to pay 5 lakhs!!! the person is completely fresher and spent only 2 months in the comp. I want to know the validity and effectivity of these sort of bonds? Are the really valid? If somebody has real reasons can he/she braek bonds? What may be the consequences? Plz help with info.

[Arjun Shastry]

Can you write in details about what this bond says?
Remember that many companies ask for this bond when they give the training to freshers/experienced people.My friend recently signed 1 year bond(contract) with his emloyer.He is in the company for last 2 years!.Company will give him some XYZ CRM product training and will also pay for his certification.Total cost the company will bear is $6000.
[ December 29, 2004: Message edited by: Arjun Shastry ]