90,000+ Legal Questions Answered
Bond break
2 years ago
I am working in company who have 3 year Bond of 2 lakh rupee. I complete 1 year in this compnay . I want to quit this job any want to join another company. they give panalty of bond money
BANDARU RAJYA LAKSHMI
Responded 2 years ago
A.Dear client,
When you executed a bond you have to obey the terms and conditions of the agreement or bond. If they ask to pay the money for terminating the bond it is better to pay them. If not they will take legal action against you.
If my suggestion is helpful to you pls rate me
When you executed a bond you have to obey the terms and conditions of the agreement or bond. If they ask to pay the money for terminating the bond it is better to pay them. If not they will take legal action against you.
If my suggestion is helpful to you pls rate me
Helpful
Helpful
Share
A.hello
Sorry to inform but you have to pay the bond in order to leave the job. But you have a option to negotiate for the bond amount through a lawyer.
Thanks
Sorry to inform but you have to pay the bond in order to leave the job. But you have a option to negotiate for the bond amount through a lawyer.
Thanks
Helpful
Helpful
Share
Ayantika Mondal @ Prime Legal
Responded 2 years ago
A.Hello Sir,
This bond is ethically and morally wrong but legally it's correct to have such bond. So option you have it to pay the bond and leave the job or not pay the bond. But you can negotiate for the bond amount.
Please rate if you find this helpful.
This bond is ethically and morally wrong but legally it's correct to have such bond. So option you have it to pay the bond and leave the job or not pay the bond. But you can negotiate for the bond amount.
Please rate if you find this helpful.
Helpful
Helpful
Share
A.Dear Sir,
It is illegal to have such bonds. They cannot go to Court on such bond and if filed a suit then it will take 3 to 5 years.
It is illegal to have such bonds. They cannot go to Court on such bond and if filed a suit then it will take 3 to 5 years.
Helpful
Helpful
Share
A.In that case the company will ask you to pay the bond money and you will have to pay the bond money. If you fail to pay then they shall initiate legal action against you. Its your choice how you want to handle this and respond to them.
Consult a lawyer, show the bond agreement and the letter issues by them to you and then let the lawyer guide you on how to counter that.
Consult a lawyer, show the bond agreement and the letter issues by them to you and then let the lawyer guide you on how to counter that.
Helpful
Helpful
Share
Read Related Answers
My employers ignorance has deteriorated my Medical
Dear Client,
Interview, selection, appointment, promotion etc all these activities were carried on by respective establishments as per the well-established recruitment policy made out considering a v...
termination during notice period
Dear Client,
Termination without notice amounts to illegal termination and is defined as an industrial dispute under Section 2A of the Industrial Dispute Act, 1947 which also violated the mandatory pr...
Negative feedback in Background verification by Previous Employer
Dear Client,
Your query does not reveal or transpire the nature and the ground behind negative feedback your previous company made to your current company that attracts legal action. It is always re...
Is it possible to fast track CWP Govt requirement case in High court
Dear Client,
Speedy trial is a fundamental right implicit in the guarantee of life and personal liberty enshrined in Article 21 of the Constitution of India and any party to a litigation who is denied...
Wron details in dsssb registration form
Dear Client,
The Delhi Subordinate Services Selection Board has issued an official advertisement to announce 1841 vacant posts under various Departments and Local/Autonomous Bodies of the Delhi Govern...
Read Blogs on Employment and Labour
Employment and Labour Lawyers
Find Lawyers by Location
