I am working as a Software Engineer. The company is in India.They are paying Indian Rupees 18000 per month.But at the time of joining I have to sign a bond for 3 years but i have not signed in Rs-50 bound paper i just singed on normal printed paper And if I break the bond should i pay a sum of 3 lakhs is to company
no sureties are signed.What I want to know is that if I break the bond without paying money and leave the company their will take any legal action on me
Can the company sue me if I break the bond? I am confused about
joining other company. please give me some advice.
Well, I had something like that with a lease car contract. (And that is why I dont want to put on secondment with a company car.)
But a total other approach that worked for me was: ask your next employer to pay for it.
They did that with paying of the lease car contract. That was 4000 euro. But a fee for a recruiter here can easily be 10000 euro, so in comparison this 4000 euro was not that much for them to get me in. I am not sure what is possible in India though, and whether the sum of money you mention would be a lot in India for a future employer.
Apart from liking Tim's advice, I have to admit that this question -which pops up every now and then- never ceases to amaze me. Not because of the question of legality (which I've heard conflicting information about), but that people engage in contracts which they then proceed not to fulfill.
Assuming for a moment that such a contract is legally binding, I would assume that it contains clauses which allow either party to withdraw in case of negligent conduct by the other side. Is that not the case in such contracts? (Of course, just changing one's mind about wanting to work at a company would not fall under such a clause, or the contract would be pointless to begin with.)
Jan de Boer
posted 5 years ago
In my case, I was unemployed and I did not have much choice. It was either the strangling contract, or the bank throwing me out my apartment. Not at that exact moment perhaps, but that would be possible in a few months. This together with the fact I had to take care of a fourteen year old teenage daughter. Especially if employment is low, companies can abuse their power.
Also it was the first time I had a company car from my employer, and I underestimated the consequences. I just had some paper, sign for the car please. First day. Months later when I wanted to shift jobs, I found out what was exactly in it. Foolish, yes, foolish. One time bitten, never a lease car again.
Ulf Dittmer wrote: I would assume that it contains clauses which allow either party to withdraw in case of negligent conduct by the other side.
The concept of negotiating a contract is quite rare here in India. It happens in business-to-business agreements since even small companies have atleast a two bit lawyer on call, but I've never heard of a case where an individual employee disagreed with the terms of a contract and negotiated to have them changed to something more suitable. Lawyering up is very rare.
Either one signs a contract as is - even if it's highly one sided, which it usually is - or one goes to a different company.
posted 5 years ago
Thanks for the clarification. Over here the details of the contract are up for negotiation, and there's rarely a lawyer involved. It's just the two sides agreeing on the terms.
Not so fast naughty spawn! I want you to know about