Bond Legality -Employment
7 months ago
I had signed a bond with an IT Tech Support company for 2 years , the company is not having growth opportunities for engineers in Long term, I have served the company for 16 months and now I want to resign but as per my bond company is demanding me 1 lakhs INR fees of bond and they also have kept my original marksheets documents with them and there was no proper training provided by the company and there was money spent under 5000 INR for my training and there was no other paid training provided by the company to me , please let me know How I can resign seamlessy and get my documents back , as I am facing health issues both mental and physical .
A.Dear Client,
1. Review the bond agreement: Carefully review the terms and conditions of the bond agreement you signed with the IT Tech Support company. Pay attention to clauses regarding resignation, fees for breaking the bond, and the return of your documents.
2. Seek legal advice: Consult with a lawyer who specializes in employment law. They can analyze the terms of your bond agreement, review the circumstances, and advise you on the best course of action considering your specific situation.
3. Negotiate with the company: Try discussing your concerns and intentions to resign with the company. Explain the reasons for your resignation and any challenges you may be facing, both physical and mental health-related. Request for a waiver or reduction in the bond amount based on the lack of growth opportunities, inadequate training, and minimal expenses incurred by the company.
4. Request for document return: Inform the company about the need to retrieve your original marksheets and other documents. Make a formal request in writing and specify a reasonable timeframe for their return. Keep copies or evidence of your communication for future reference.
5. Follow resignation procedures: Follow the resignation procedures as specified in the bond agreement or your employment contract. Provide a written resignation letter, adhering to any notice period mentioned in the agreement. Confirm any applicable financial responsibilities, such as repaying a portion of training expenses if required.
6. Document everything: Keep detailed records of all communication and documentation related to your resignation, including your resignation letter, any negotiations or discussions with the company, and proof of delivery or acknowledgment of documents sent to the company.
7. Mediation or legal action: If the company refuses to cooperate or demands an exorbitant bond fee, you may consider initiating mediation or seeking legal action. Your lawyer can guide you on the appropriate steps to take based on the specifics of your case and the applicable laws in your jurisdiction.
Thank you.
1. Review the bond agreement: Carefully review the terms and conditions of the bond agreement you signed with the IT Tech Support company. Pay attention to clauses regarding resignation, fees for breaking the bond, and the return of your documents.
2. Seek legal advice: Consult with a lawyer who specializes in employment law. They can analyze the terms of your bond agreement, review the circumstances, and advise you on the best course of action considering your specific situation.
3. Negotiate with the company: Try discussing your concerns and intentions to resign with the company. Explain the reasons for your resignation and any challenges you may be facing, both physical and mental health-related. Request for a waiver or reduction in the bond amount based on the lack of growth opportunities, inadequate training, and minimal expenses incurred by the company.
4. Request for document return: Inform the company about the need to retrieve your original marksheets and other documents. Make a formal request in writing and specify a reasonable timeframe for their return. Keep copies or evidence of your communication for future reference.
5. Follow resignation procedures: Follow the resignation procedures as specified in the bond agreement or your employment contract. Provide a written resignation letter, adhering to any notice period mentioned in the agreement. Confirm any applicable financial responsibilities, such as repaying a portion of training expenses if required.
6. Document everything: Keep detailed records of all communication and documentation related to your resignation, including your resignation letter, any negotiations or discussions with the company, and proof of delivery or acknowledgment of documents sent to the company.
7. Mediation or legal action: If the company refuses to cooperate or demands an exorbitant bond fee, you may consider initiating mediation or seeking legal action. Your lawyer can guide you on the appropriate steps to take based on the specifics of your case and the applicable laws in your jurisdiction.
Thank you.
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A.Dear Client
Since you have signed the bond for two years and you are about to complete then it is advisable that you complete the two years and then exit. If you wish to exit earlier then you can challenge that bond in a court of law.
Since you have signed the bond for two years and you are about to complete then it is advisable that you complete the two years and then exit. If you wish to exit earlier then you can challenge that bond in a court of law.
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